A Bulgarian man losing money in Avon Products used a bogus takeover offer to boost its stock price, according to a lawsuit filed by the U.S. Securities and Exchange Commission in the Southern District on Thursday.
June 05, 2015 at 04:00 AM
1 minute read
A Bulgarian man losing money in Avon Products used a bogus takeover offer to boost its stock price, according to a lawsuit filed by the U.S. Securities and Exchange Commission in the Southern District on Thursday.
The suit accuses Nedko Nedev, 37, and four companies of working together to violate securities laws.
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