An Oakland County businessman is facing charges in a multi-million dollar penny stock scam. The businessman, whose name has not been released, was charged with deceiving investors by promoting worthless penny stocks. The scam involved convincing investors to buy into these stocks at inflated prices, resulting in huge financial losses for many individuals. The businessman’s alleged fraudulent activities have led to severe consequences for those who trusted him with their money. Authorities are working to hold the businessman accountable for his actions and bring justice to those affected by this deceitful scheme.
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