The promoter paid $1.7 million. The retirees who bought the shares paid the rest.

A federal court ordered a penny stock promoter tied to the Barry Honig ring to pay $1.7 million for his role in a long-running pump-and-dump. The number is real. So is the retiree in Ohio who held the shares when the music stopped.

By Mark Tell · Jun 23

The promoter paid $1.7 million. The retirees who bought the shares paid the rest.

See the pitch they're running today.

The MarkTell Daily