Trillium Capital never really planned to buy Getty Images.
Share on linkedin When Trillium offered to buy Getty Images for $4 billion in April 2023, the Boston-based investment firmThat's because Trillium didn't plan to actually buy Getty, and its brokerage account had a balance of just $17.32.The SEC and DOJ on Friday both charged Trillium and its CEO Scott Murray with securities fraud, essentially claiming that the Getty episode was a pump-and-dump scheme.
Trillium and Murray also agreed to a settlement with the SEC that includes a ban on participating in certain securities activities, civil penalties, and disgorgement.are accurate, then Murray is one of the most brazen and dumbest corporate crooks in recent memory. Getty, whose major backers include Koch Industries and Carlyle, largely ignored him. The stock closed at $5.06 per share on April 21, 2023. Murray was underwater on both the shares and the options, as was a personal friend he had told to invest.
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