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December 3, 2005 | From Reuters
A U.S. court has frozen $1.4 million in assets in connection with what regulators called an international stock manipulation scheme that drove the shares of a Los Angeles company from pennies to a high of $90. The Securities and Exchange Commission said Socius Holdings Ltd., which operated from Switzerland, worked with others to create the illusion of a rising market in the stock of Cameron International Inc., a self-described marketing firm.
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BUSINESS
December 3, 2005 | From Reuters
A U.S. court has frozen $1.4 million in assets in connection with what regulators called an international stock manipulation scheme that drove the shares of a Los Angeles company from pennies to a high of $90. The Securities and Exchange Commission said Socius Holdings Ltd., which operated from Switzerland, worked with others to create the illusion of a rising market in the stock of Cameron International Inc., a self-described marketing firm.
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