Romanian woman investigated for trading clients' shares without their consent

A Romanian broker is currently being investigated by the Organized Crime Unit DIICOT for having stolen shares from an investor, and traded them without having the consent of the owner, causing a loss of around EUR 180,000. She was trying to cover the loss she had caused other clients of hers, in total 48 people. The woman was helped by a bank employee in trading the stolen Fondul Proprietatea shares. She also inflated the price of shares compared to their real value, as she wanted to get liquidity. Prosecutors also found that her trading using fictitious procedures led to market distortion. She forged notifications to the Central Depositary, and said her clients had given her the green light for those transactions. The woman was arrested by prosecutors from DIICOT in the county of Valcea. editor@romania-insider.com