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German prosecutors raid 86 properties across Europe in insider trader probe
The far-reaching raids are connected to suspected inflation of penny stock prices by media publications. Prosecutors believe suspects could have manipulated share prices by withholding information or publishing false claims. A spokesman for the Munich prosecutors reportedly told Bloomberg: "We are looking into allegations that share prices may have been manipulated by using publications. Because that case is pending, we can't say more now. We are just at the beginning." The raids come after authorities earlier this year successfully prosecuted several individuals in connection with a newsletter targeted at small ... (full story)