Investor gets prison time for fake $4 billion Getty Images takeover bid [Yahoo! Finance Canada]
Getty Images Holdings, Inc. (GETY)
Company Research
Source: Yahoo! Finance Canada
on Tuesday to 10 months in prison after admitting he launched a fake $4 billion takeover bid for Getty Images Holdings to artificially inflate the visual media company's stock price. Scott Murray, who previously served as chief executive of Stream Global Services and 3Com, was sentenced by U.S. District Judge Denise Casper in Boston after pleading guilty in June to committing securities fraud. Prosecutors sought a 16-month prison term for Murray, a long-time investor and businessman who in 2007 launched Trillium Capital to invest his own money in other companies. Prosecutors said the fraud began after Murray, 61, bought about 300,000 shares of Seattle-based Getty, which competes with Reuters and the Associated Press in providing photos and videos for editorial use. After building a position in Getty, Murray and Trillium in early April 2023 began issuing press releases and sending emails pushing Getty to sell itself or add him to its board of directors, prosecutors said. Getty
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News
- Investor gets prison time for fake $4 billion Getty Images takeover bid [Yahoo! Finance]Yahoo! Finance
- UPDATE - GETY INVESTIGATION ALERT: Johnson Fistel LLP Investigates Getty Images Holdings’ Directors and Officers for Breach of Fiduciary DutiesGlobeNewswire
- GETY INVESTIGATION ALERT: Johnson Fistel LLP Investigates Getty Images Holdings’ Directors and Officers for Breach of Fiduciary DutiesGlobeNewswire
- Getty Images to Release Third Quarter 2024 Financial Results on November 7, 2024GlobeNewswire
- How to write the perfect AI prompt: iStock’s 10 step guide to transform ideas into stunning imagesGlobeNewswire
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- 10/22/24 - Form 4
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