An employee of PairGain Technologies was arrested yesterday on charges of having disseminated a false report over the Internet that increased the value of its stock, authorities said.
Mr Gary Hoke (25) was charged with securities fraud and taken into custody in North Carolina, where he works in a satellite office of California-based PairGain.
Join The Irish Times on WhatsApp and stay up to date
Sign up to the Business Today newsletter for the latest new and commentary in your inbox
Listen to Inside Business podcast for a look at business and economics from an Irish perspective
Get the latest business news and commentary from our expert business team in your inbox every weekday morning
