Company changes name after SEC charges 18 over pump-and-dump hacking scheme

Lotus Bio-Technology Development Corp. announced on Tuesday that it is initiating a name change, following revelations that its stock was manipulated as part of a pump-and-dump scheme that involved the hack of more than 30 brokerage accounts. The U.S. Securities and Exchange Commission, which regulates publicly-traded companies and oversees the government’s efforts to prevent market […]

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