The Australian Securities & Investments Commission (ASIC) reported that four individuals have pleaded guilty in the Downing Centre Local Court to multiple criminal charges arising from a coordinated scheme to inflate Australian share prices and then sell at artificially elevated levels using Telegram channels.
Australian Securities & Investments Commission 2025-06-10
Australian Securities & Investments Commission secures guilty pleas in Telegram-based pump-and-dump market rigging case
Four individuals have pleaded guilty in the Downing Centre Local Court to criminal charges related to a scheme to inflate Australian share prices and sell at elevated levels via Telegram channels, as reported by the Australian Securities & Investments Commission (ASIC).