My people, you don hear am? Six guys just land for serious gbege as dem dey charge dem for insider trading wey full ground for like three years. Na Muhammad Saad Shoukat and him brothers—Muhammad Arham and Muhammad Shahwaiz—plus their guys Daniyal Khan and Izunna Okonkwo wey dey jaga-jaga with dual citizenships, na wetin dem don use collect wahala!
Dis whole saga no be small matter oo! E begin from 2020 to 2024, and e involve heavy gbagam! Omo, these guys sabi manipulate stock like play! According to wetin dem talk, dem dey use una oduku information wey suppose no reach una hand to trade shares. Na about $41 million dem don chop from this insider trading wahala. Na serious fraud wey no dey smile.
Make I yarn you wetin happen. This Gyunho Justin Kim wey dey California and na investment banker, na him dey bring the hot data wey dem dey used. Him dey work with companies for healthcare and biopharma sectors. Na so the guy begin pass secret information to Saad Shoukat wey no waste time to dey trade based on that info!
Di guys dey use fake news and hocus pocus to push the stock prices of Olema wey dey develop drug for breast cancer. As dem don buy plenty shares, dem come get intro say the drug no too work as dem think. But wetin dem do? Dem go falsify data like small pikin wey just finish school and spread am to make investors believe say the drug dey perform magic.
And abeg, no forget Opiant matter! Dis one dey develop treatment for overdose, and dem also cook up fake news about merger wey no dey happen just to sell dem stock when price don rise. Omo, dem don cause plenty ah ah and lose plenty money for people wey trust dem! In short, if dem catch you for this kind wahala, you dey face up to 25 years for prison plus plenty years for different charges. Na serious tin o!
Dem say dem go pursue this matter well well. Wetin FBI dey talk? Dem say dem no go gree make anybody chop their money with this kind insider trading hustle. Na so Senior Counsel Philip Lamparello don make we sabi say dem dey take dis matter serious! E be like say e go hot for dis guys!
As e dey be, dem don unseal the charges and many eyes dey watch as di matter go unfold. My people, make we dey shine eye as dem dey yarn dis kind financial wahala. Na so our market go dey fear when people dey enter dis kind game!
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