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The founders of a company called RagingBull advertise themselves as seasoned stock traders teaching customers how to become millionaires too. Marketing emails say they found a “hidden bull market” in the COVID-19 pandemic.
The company’s operators have defrauded consumers by more than $ 137 million in the past three years, according to federal regulators. And the coronavirus-induced economic crisis has not tempered their “ruthless” efforts to scam investors at risk, government lawyers wrote in a lawsuit on Monday.
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