Man gets prison for phony filing that drove up Fitbit stock
NEW YORK— A 25- year-old man who invented a bogus buyer to manipulate the price of Fitbit stock and cash in was sentenced Friday to two years in prison. Prosecutors say he filed a regulatory document in November 2016 saying a fictitious company had offered to buy fitness tracker maker Fitbit at well over its share price. The stock briefly shot up about 10 percent,…
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