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Stock impact report

Riot Blockchain names new leaders as previous boss faces fraud charges [Reuters (UK)]

Riot Platforms, Inc. (RIOT) 
Last riot platforms, inc. earnings: 8/8 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.riotblockchain.com
Company Research Source: Reuters
Riot Blockchain names new leaders as previous boss faces fraud charges | Reuters 2 Min Read NEW YORK (Reuters) - Riot Blockchain Inc, a onetime biotechnology firm that saw its share price skyrocket when it refocused on cryptocurrencies, named a new chief executive after the company’s previous boss was accused of involvement in securities fraud. The company said in a statement on Saturday that its chief operating officer, Chris Ensey, would take over the company after the Securities and Exchange Commission on Friday named former CEO John O’Rourke as one of several people involved in a long-running microcap “pump-and-dump” scheme. The SEC said the plot involved manipulating the share price of stocks in three unidentified companies, generating over $27 million from unlawful sales and leaving retail investors with “virtually worthless stock.” The SEC also named Barry Honig, a former major Riot shareholder, among the individuals involved in the scheme, saying Honig engaged in manipulative Show less Read more
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