Editing Pump and dump (section)

====Morrie Tobin====
In April 2018, [[Morrie Tobin]] and others, using [[Offshore bank|offshore accounts]], gained over $165 million from a pump-and-dump scheme.<ref>{{cite web|url=https://www.sec.gov/litigation/litreleases/2018/lr24361.htm|date=November 28, 2018|title=SEC Charges Four in Fraudulent Microcap Manipulation Scheme Orchestrated Through International Accounts|work=[[U.S. Securities and Exchange Commission]]|access-date=June 12, 2019}}</ref> When questioned by federal agents, Tobin told the agents that he was involved in another scheme implicating a soccer coach from [[Yale University]],<ref>{{Cite news|url=https://www.latimes.com/local/lanow/la-me-morrie-tobin-college-admissions-scandal-20190331-story.html|title=The bizarre story of the L.A. dad who exposed the college admissions scandal|first1=Joel |last1=Rubin |first2=Matthew |last2=Ormseth |first3=Suhauna |last3=Hussain |first4=Richard |last4=Winton|date=March 31, 2019 |work=[[Los Angeles Times]] |access-date=June 12, 2019}}</ref> which in turn led to the [[2019 college admissions bribery scandal]]. In February 2019, Tobin pled guilty to [[Conspiracy (criminal)|conspiracy]] and [[securities fraud]]. On June 7, 2019, a federal judge hit Tobin with a $4 million [[Asset forfeiture|forfeiture]].<ref>{{cite web|url=https://www.stockwatch.com/News/Item.aspx?bid=Z-U:*SEC-2771186&symbol=*SEC&region=U|last=Caswell |first=Mike |date=June 7, 2019|title=SEC defendant Tobin ordered to forfeit $4M (U.S.)|work=Stock Watch|access-date=June 12, 2019}}</ref>