Skip to main content

SEC charges website operator with fraud

  • Author:
  • Updated:

The Securities and Exchange Commission yesterday announced it was filing civil securities fraud charges against Nicholas Czuczko, a thirty-five year old who operated TheStockster.Com from his Beverly Hills residence. It looks like standard pump-and-dump stuff—Czuczko would tout penny-stocks on the site and sell into the rally. According to the Feds, he managed to make $2.7 million doing this.
The SEC press release linked below is pretty standard stuff but don’t miss the screenshot of Czuczko’s website. It’s laughably ametuerish. Like he was touting stocks from back in 1997.

SEC Charges Operator of Stock Picking Website with Secretly Profiting in Investment Scam