NEW YORK - The FBI says it's raided a Manhattan boiler room brokerage with links to the mob.
Agents arrested several people Wednesday at an office building on West 36th Street. The FBI said one of the suspects was a member of the Bonanno organized crime family.
Authorities said the illicit brokerage was artificially inflating the value of a stock in a company with misleading sales pitches.
The suspects were expected to appear in court later Wednesday.
FBI Raids Boiler Room Brokerage [FoxNY]
FBI Raids 'Boiler Room' Stock Promotion Operation [Bloomberg]
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