Two defendants in shell company stock hijacking case, Mark Miller and Christopher Rajkaran, set to plead guilty : Rashtra News Comstock | Stockbyte | Getty ImagesTwo of the three men criminally charged with a brazen scheme to hijack dormant shell companies and fraudulently pump up their stock shares are now set to plead guilty in
The defendants issued false press releases and business filings designed to pump up hijacked companies stock prices, then sold their holdings at fraudulently inflated prices.
Three men were charged with securities fraud involving shell companies that were hijacked and had stock shares pumped up and dumped on unwitting investors.