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British teen twins faked robot in stock fraud
A pair of British twins who as teenagers claimed their stock-picking robot could unearth penny stocks ready to soar were sued on Friday by the U.S. Securities and Exchange Commission, which called the robot fake and the twins' fraud real. The SEC said Alexander John Hunter and Thomas Edward Hunter, who ran the now defunct Global Marketing Corp, defrauded more than 75,000 investors who paid more than $1.2 million (744.5 thousand pounds) to learn about the picks by the robot, dubbed "Marl." According to the regulator, the brothers hatched the scheme in 2007, when they were 16. They are now 20. Eric Bruce, a lawyer for ... (full story)
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