U.S. charges nine over alleged ForceField Energy fraud

ForceField Energy

03/05/2016 17:58

NEW YORK, May 3 (Reuters) - U.S. prosecutors on Tuesday 
unveiled criminal charges accusing nine people of defrauding 
investors into buying the stock of LED lighting provider 
ForceField Energy Inc  FNRQ.PK , causing roughly $131 million of 
losses. 
    The charges against the defendants, who include stock 
promoters, brokers and investor relations officials, were 
unveiled a little over a year after former ForceField Executive 
Chairman Richard St. Julien was criminally charged with scheming 
to inflate his company's stock price. 
 
 (Reporting by Jonathan Stempel in New York) 
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters 
Messaging: jon.stempel.thomsonreuters.com@reuters.net)) 
 
Keywords: FORCEFIELD CHARGES/