A Scots pensioner who was set to be tried in America on charges of fraud has succeeded in quashing a bid to extradite him - and the case being called again.
James Craig, from Stranraer, has spent years fighting the USA's efforts to put him on a plane to the States. American prosecutors say he is suspected of using Twitter to manipulate the prices of NASDAQ-listed companies in 2013.
Craig, of Dunragit, in Dumfries and Galloway, had been accused of starting rumours on the social network about firms associated with the American stock exchange and causing prices to fall by more than £1.1 million.
Investigators from the Securities and Exchange Commission claim that he posed as legitimate securities firms to post the rumours - making his claims look legitimate.When share prices fell - so sharply in one case that trading was suspended - Craig bought in before selling them on for a profit after the panic he allegedly created was over.
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.