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Dan Primack Apr 14, 2017
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How the fake biz news scheme was uncovered

Mark Lennihan / AP

Earlier this week the U.S. Securities and Exchange Commission filed enforcement actions against 27 individuals and entities that had used sites like Seeing Alpha, Forbes and Yahoo Finance to post "bullish articles" about listed biotech companies "under the guise of impartiality when in reality they were nothing more than paid advertisements."

What happened: Now we've learned more about how the scam first came to the SEC's attention, per a source familiar with the situation: