Day 6

Why penny stock scams will never die

It's being called one of the largest penny stock scams ever busted, and police say the $140-million scam was masterminded by four Canadians. Five Americans were also arrested. As of Friday, Canadians Gregory Curry and Sandy Winick, were still on the loose. Hartley Bernstein is a lawyer in New York who created the stock scam watchdog website Stock Patrol. He flagged...

It's being called one of the largest penny stock scams ever busted, and police say the $140-million scam was masterminded by four Canadians. Five Americans were also arrested. As of Friday, Canadians Gregory Curry and Sandy Winick, were still on the loose. Hartley Bernstein is a lawyer in New York who created the stock scam watchdog website Stock Patrol. He flagged Sandy Winick's activities as far back as 2006. Mr. Bernstein as also involved in a penny stock scam, after discovering some of his former clients were running illegal pump and dump schemes.