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In that case, a 27-year-old entrepreneur named Jin Seung Hun managed to amass $196 million in illegal loans, prosecutors say, by rigging stock prices and defrauding banks.
So when a New York Times best-selling author appears on 60 Minutes to declare that the stock market is "rigged," it stands in stark contrast to the usual hedging, sidestepping and equivocating.
More recently, a book by Michael Lewis, Flash Boys, took some well-publicized pot shots at HFT, saying the stock market is "rigged" by Wall Street insiders using co-located servers at exchanges and sophisticated algorithms to trade.
Nearly two-thirds of voters think the stock market is rigged against them and a majority believe Wall Street and big banks hurt average Americans, according to poll results from a pro-regulation group.
Bello Ar-Adam, a representative of Buhari's Congress for Progressive Change, told Reuters: "Rigging is the stock in trade of the PDP.
Is the stock market rigged?
"Facebook: Is Stock Research Rigged?" - July 26 , 2012
"Facebook: Is Stock Research Rigged?" -- July 26 , 2012
Her query was sparked in part by revelations in Michael Lewis' recent book, Flash Boys, about how high-frequency stock trading rigs the markets.
The court drama the highlight of which was Microsoft getting caught rigging a technology demo severely tarnished its reputation and its stock price.
Michael Lewis's book "Flash Boys" claimed that high-frequency trading based on small informational advantages has "rigged" the stock market.
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