A New York-based Guyanese man has been sentenced to 18 months in prison for his role in an illegal pump-and-dump stock manipulation scheme.
According to a release from the Minneapolis division of the US Department of Justice, Acting U.S. Attorney Charles J. Kovats made the announcement after Senior U.S. District Judge David S. Doty sentenced the defendant.
According to court documents, Christopher James Rajkaran, 36, of Queens, New York, and Guyana, participated in a scheme to hijack and assume control of dormant public shell companies.