Friday, 24 July 2009

About that Harman International hoax…

Well, the SEC has wasted no time in getting to the bottom of it.

Via Reuters:

SEC NAMES INDIVIDUAL DEFENDANT HAZEM KHALID AL-BRAIKAN IN CASE INVOLVING PURCHASES OF HARMAN INTERNATIONAL INDUSTRIES INC SECURITIES

SEC SAYS AL-BRAIKAN ENGAGED IN AGGRESSIVE STRATEGY OF BUYING HARMAN INTERNATIONAL INDUSTRIES INC STOCK AND OPTIONS IN THE 4 DAYS BEFORE FALSE TENDER OFFER

SEC SAYS AL-BRAIKAN’S PURCHASES POSITIONED HIM TO REAP LARGE PROFITS FROM HARMAN INTERNATIONAL INDUSTRIES INC SHARE INCREASE

SEC SAYS AL-BRAIKAN IS CEO OF DEFENDANT AL-RAYA INVESTMENT , AND IS A RESIDENT OF KUWAIT

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