Crypto Craze Insider-Trading Suit Moves Ahead Against Promoter
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A stock promoter failed to persuade a judge to dismiss a US Securities and Exchange Commission insider-trading lawsuit in which he’s accused of illegally profiting from a company rebranding during the 2017 crypto craze.
Gannon Giguiere, owner of TheMoneyStreet.com, allegedly made a $162,500 by buying Long Island Ice Tea Corp. stock before the company changed its name to Long Blockchain Corp. Giguiere sold the stock hours after the rebranding.