A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020.
Michael Nagle | Bloomberg | Getty Images
A Minnesota general contractor pleaded guilty Thursday to a scheme to hijack dormant shell companies and then pump-and-dump their stock shares on the over-the-counter market to unwitting investors.
Mark Miller is the second person to admit guilt in the brazen scam, which ran from 2017 through 2019, and involved the fraudulent takeovers of at least four publicly traded companies that had no effective business, and had failed to make required regulatory filings for some time.
Miller’s co-defendant, Christopher James Rajkaran, previously pleaded guilty to a single count of conspiracy to commit securities fraud last week in U.S. District Court in Minneapolis.
Miller pleaded guilty in that court to that same charge. Like Rajkaran, he will have the 14…