60 minutes. Rigging the market
Description
November 13, 2002 - Remember those high-flying stocks sold for the first time in the 1990s, the ones that soared from $20 a share to $100 a share in hours? Some insiders now say the great price leaps for these 'initial public offerings' - IPOs - were the result of insider agreements designed to force prices artificially high. The scam is called 'laddering.' Rumors of laddering have been widespread, Scott Pelley reports, but investigations have been hamstrung by a lack of witnesses.
Runtime
13 min
Series
Subjects
Genre
Date of Publication
2002
Database
Alexander Street
Direct Link
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