July 11, 2018 / 2:22 PM / 2 months ago

U.S. charges second man in Fitbit stock hoax

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Wednesday said it had filed additional charges against a second man who it said was involved in a scheme last year to orchestrate a hoax takeover bid and manipulate Fitbit Inc’s stock price.

The SEC, in a statement, said it had charged the second man, Mark Burns, for purchasing call options after his alleged co-conspirator, Robert Murray, made a false filing to the regulatory agency. Murray was charged last year.

Reporting by Susan Heavey; Editing by Chizu Nomiyama

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