Jonathan Lebed, 15, high-school student, earned at least $250,000 in six months in an online “pump and dump” stock scheme in which he bought thinly traded stocks, promoted them on Internet message boards, and then sold them at a tidy profit after the prices increased. He agreed to pay back the earnings plus interest to settle a civil lawsuit brought by the Securities and Exchange Commission.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.