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illicit scheme

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See: racket


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The SCE said Braikan and the three companies had engaged in "an illicit scheme through which they reaped millions of dollars in profits from trading around hoax offers to acquire US companies.
net (Staff Writer) The Securities and Exchange Commission (SEC) filed an enforcement action on 23 July in the US District Court for the Southern District of New York, charging Hazem Khalid Al-Braikan, a resident of Kuwait for engaging in an illicit scheme through which he reaped millions of dollars in profits from trading around hoax offers to acquire US companies.
He lost his job at Garlands call centre in Preston Farm, Stockton, after his illicit scheme was quickly uncovered.
 
 
 
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