Advertisement
New Zealand markets closed

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NZD/USD

    0.5952
    +0.0015 (+0.26%)
     

  • NZD/EUR

    0.5553
    +0.0007 (+0.12%)
     

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • OIL

    83.05
    +0.24 (+0.29%)
     

  • GOLD

    2,333.50
    -4.90 (-0.21%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,069.21
    +28.83 (+0.36%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    18,033.37
    -55.33 (-0.31%)
     

  • Hang Seng

    17,291.99
    +90.72 (+0.53%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • NZD/JPY

    92.6030
    +0.4880 (+0.53%)
     

U.S. charges nine over alleged ForceField Energy fraud

Reuters

NEW YORK, May 3 (Reuters) - U.S. prosecutors on Tuesday unveiled criminal charges accusing nine people of defrauding investors into buying the stock of LED lighting provider ForceField Energy Inc, causing roughly $131 million of losses.

The charges against the defendants, who include stock promoters, brokers and investor relations officials, were unveiled a little over a year after former ForceField Executive Chairman Richard St. Julien was criminally charged with scheming to inflate his company's stock price.

(Reporting by Jonathan Stempel in New York)