{
  "version": "https://jsonfeed.org/version/1.1",
  "title": "Market Manipulation: False rumours enforcement actions",
  "home_page_url": "https://marketmanipulation.org/cases/technique/false-rumors/",
  "feed_url": "https://marketmanipulation.org/feeds/technique/false-rumors.json",
  "description": "The 5 most recent enforcement records tagged false rumours in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges.",
  "language": "en-US",
  "items": [
    {
      "id": "https://marketmanipulation.org/cases/sec-milan-v-patel-false-rumors-2025/",
      "url": "https://marketmanipulation.org/cases/sec-milan-v-patel-false-rumors-2025/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26283",
      "title": "SEC v. Milan V. Patel (false rumors, 2025)",
      "summary": "In April 2025 the SEC reported a final judgment, entered April 11, 2025, against Milan Vinod Patel for spreading more than 100 false rumours about public companies from December 2017 to January 2020 to sell into the temporary price rises, for illicit profits of over $1 million. The judgment enjoins him and orders $1,125,263 in disgorgement and $395,309 in interest. He pleaded guilty in a parallel criminal case and was sentenced to 18 months in prison.",
      "date_published": "2025-04-11T00:00:00.000Z",
      "tags": [
        "SEC",
        "false-rumors"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/sec-milan-patel-false-rumors-2023/",
      "url": "https://marketmanipulation.org/cases/sec-milan-patel-false-rumors-2023/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25641",
      "title": "SEC v. Milan Patel (false rumors, 2023)",
      "summary": "In February 2023 the SEC charged Milan Patel with spreading more than 100 false rumors about public companies and trading on the resulting price rises. On April 11, 2025 the court entered a final judgment ordering disgorgement of $1,125,263 plus $395,309 of prejudgment interest. The SEC release also reports that Patel pleaded guilty in a parallel criminal case and received an 18-month prison sentence.",
      "date_published": "2023-02-16T00:00:00.000Z",
      "tags": [
        "SEC",
        "false-rumors"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/sec-charles-parrino-false-rumors-2022/",
      "url": "https://marketmanipulation.org/cases/sec-charles-parrino-false-rumors-2022/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25528",
      "title": "SEC v. Charles Parrino (false rumors, 2022)",
      "summary": "In 2022, the Securities and Exchange Commission settled an action with Charles Parrino, alleging conduct this library classifies as false rumors. The release records disgorgement of $982,690. A parallel criminal matter is referenced in the release.",
      "date_published": "2022-09-28T00:00:00.000Z",
      "tags": [
        "SEC",
        "false-rumors"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/sec-anthony-salandra-false-rumors-2022/",
      "url": "https://marketmanipulation.org/cases/sec-anthony-salandra-false-rumors-2022/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25358",
      "title": "SEC v. Anthony Salandra (false rumors, 2022)",
      "summary": "In 2022, the Securities and Exchange Commission settled an action with Anthony Salandra, alleging conduct this library classifies as false rumors. The release records disgorgement of $132,560. A parallel criminal matter is referenced in the release.",
      "date_published": "2022-04-11T00:00:00.000Z",
      "tags": [
        "SEC",
        "false-rumors"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/sec-barton-s-ross-false-rumors-2020/",
      "url": "https://marketmanipulation.org/cases/sec-barton-s-ross-false-rumors-2020/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-24989",
      "title": "SEC v. Barton S. Ross (false rumors, 2020)",
      "summary": "In 2020, the Securities and Exchange Commission settled an action with Barton S. Ross, alleging conduct this library classifies as false rumors. The release does not state a monetary figure that we were able to extract. A parallel criminal matter is referenced in the release.",
      "date_published": "2020-12-18T00:00:00.000Z",
      "tags": [
        "SEC",
        "false-rumors"
      ]
    }
  ]
}