Seven business executives have been charged with a variety of crimes, including stock manipulation, conspiracy and theft.
Shorting is often confused with stock manipulation - deliberately trading in a way to move the market.
Two were charged with stock manipulation in Texscan's surprising rise last month.
It was the first time the Government had applied a law against stock manipulation.
In 2002, Madden was convicted of stock manipulation, money, and securities fraud.
He came from back East maybe ten years ago after a shady deal involving stock manipulations.
The most common form of corruption was stock manipulation that included bidding up share prices and insider trading.
He would then buy out their companies and make his money through stock manipulation.
A federal water company was accused of illegal stock manipulation.
He contends that doing so is "basically a form of stock manipulation."
