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Non-Tech : Franklin, Andrews, Kramer & Edelstein

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From: scion12/13/2020 3:28:41 PM
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Founders of company offering COVID-19 pandemic stock tips who tout themselves as having 'found the hidden bull market' is sued by FTC for 'duping vulnerable investors out of $137 million'

Federal Trade Commission filed a lawsuit against RagingBull.com LLC and the company's co-founders, Jeffrey Bishop and Jason Bond, in Maryland on Monday

Regulators have accused the company of defrauding consumers out of more than $137 million over the past three years

The company's marketing emails said they found a 'hidden bull market' in the COVID-19 pandemic

FTC attorneys are seeking to freeze company assets, halt the alleged fraud scheme and award relief to consumers, including refunds and restitution

The FTC says Raging Bull used celebrities, including former baseball star Jose Canseco and former stockbroker Jordan Belfort, to promote their services

By ASSOCIATED PRESS
PUBLISHED: 19:29, 7 December 2020 | UPDATED: 17:21, 8 December 2020
dailymail.co.uk
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