Christopher Cervino & Sheik Kahn— Pump-and-dump Stock Fraud
Christopher Cervino & Sheik F. Kahn Allegedly Took Part in a $15 Million Pump-and-dump Stock Fraud Which Purportedly Involved over 100 Investors; Cervino and Kahn Allegedly Inflated the Market for VGTel, Inc.
Christopher Cervino & Sheik Kahn allegedly orchestrated a $15 million pump-and-dump stock fraud scheme which purportedly involved over 100 investors, according to a Release from the office of the U.S. Attorney for the Southern District of New York an FBI Affidavit currently under review by attorneys Alan Rosca and James Booker.
Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Christopher Cervino & Sheik Kahn’s alleged pump-and-dump stock fraud scheme.
Investors who believe they may have lost money in activity related to Christopher Cervino & Sheik Kahn’s alleged pump-and-dump stock fraud scheme are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.
Christopher Cervino, a broker from Franklin Lakes, New Jersey associated with Primary Capital in New York, and Sheik Kahn, a registered rep from Las Vegas, Nevada, were found guilty by a federal court in New York, said Release states.