US charges twins over $1.2m 'stock robot' fraud

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Submitted by peetm on Saturday April 21, 2012 @06:27AM

peetm writes "Twin brothers from England face US civil charges for allegedly defrauding investors out of $1.2m (£745,000) through a bogus stock-picking robot.

The twins; Alexander and Thomas Hunter; were just 16 years old when they devised the scam which fooled around 75,000 people, according to US officials."
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US charges twins over $1.2m 'stock robot' fraud

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US charges twins over $1.2m 'stock robot' fraud