A Tale of Corporate Hijackings, and Two Stings: Amogear and CitySide
Posted on June 18, 2015 by Brenda Hamilton, Securities and Going Public Lawyer
In July of last year, the Securities and Exchange Commission, the U.S. Attorney for the District of Massachusetts, and the Federal Bureau of Investigation brought charges against five individuals whose attempt to manipulate shares of Amogear Inc. was caught in an undercover operation. The defendants, promoters Andrew J. Affa, Michael A. Affa, Mitchell H. Brown, Christopher R. Putnam, and Christopher G. Nix, were charged with conspiracy to commit securities fraud.
The arrests and criminal charges were only the tip of the iceberg. The case began and was developed as a sting that started at least several years earlier.
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