The scheme was a classic "pump and dump" stock scam. The mobsters acquired a large position in the stock of HealthTech International Inc., a Mesa, Arizona, health and fitness firm that was traded on the NASDAQ Stock Exchange.
The scheme was a quintessential example of a 'pump and dump' stock scam. The mobsters acquired a substantial holding in the shares of HealthTech International Inc., an Arizona-based health and fitness company listed on the NASDAQ.