Summary
The U.S. Department of Justice (DOJ) is distributing $15.5 million to 8,000 victims of a fraud case involving Roger Knox. This action follows Knox's involvement in a major stock manipulation scheme, where inflated stock prices were used to defraud investors.
Key Facts
- The DOJ is distributing $15.5 million to victims of a fraud case.
- Roger Knox and his team ran a scheme that involved manipulating stock prices.
- Around 8,000 victims are identified to receive compensation.
- The Roger Knox Remission Fund distributes the money.
- $58 million restitution order in January 2024 helped identify victims.
- Knox pleaded guilty to securities fraud and conspiracy in 2020.
- He was sentenced to three years in prison in 2023.
- The fraud involved moving over $137 million via a secretive financial network.
