OKLAHOMA CITY--The Oklahoma Department of Securities is suing 20 people, including convicted bank swindler Charles J. Bazarian, and six businesses to recover at least $2 million in illegal profits from an alleged scheme to manipulate the stock prices of two companies.

The suit, filed in Oklahoma state court, alleged that Mr. Bazarian, the subject of a Federal Bureau of Investigation manhunt, had sought to inflate the stock prices of Performance Nutrition Inc., a Dallas maker of health foods, and Remington Financial Group Inc., an Oklahoma City financial consulting firm.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.