That didn't end federal scrutiny. Using court-authorized wiretaps, the FBI was listening in on phone conversations. This week, the two men were arrested on federal charges of conspiracy, mail fraud, wire fraud, securities fraud and money laundering in connection with what the U.S. Attorney's Office in Atlanta called two fraudulent schemes.
One involved a company called MedCareers Group. Around 2009, the two men had acquired control of a publicly traded company, Rx Scripted, and changed it name to MedCareers. Then, according to Acting U.S. Attorney John Horn, they manipulated the price of the stock, sending out misleading press releases while co-conspirators sent out mass emails touting the stock. Once the price soared, the men orchestrated a massive sell-off, hiding their involvement by using the names of others, the government alleges.