A new enforcement action details a new (and very creative) cyber-related market manipulation scheme. Defendant Robert Murray, created a fraudulent corporate email account in order to obtain the Edgar login credential of Fitbit. After careful research, the login credentials were then used to create a false tender offer which was ultimately fueled by false news reports causing a small spike in the stock value before settling down. Mr Murray profited a total of just over 3k before being discovered and charged by the SEC and DOJ.

http://www.secactions.com/fake-news-fake-tender-offer-yields-sec-doj-charges/