A former technology executive has pleaded guilty to a single count of fraud involving a scheme to artificially inflate the share price of photo and video distributor Getty Images, federal officials said Friday.
Robert Scott Murray, who was chief executive of the networking-equipment maker 3Com for several months in 2006, was charged with securities fraud for an alleged attempt to manipulate Seattle-based Getty's share price. Murray owned roughly 300,000 shares of Getty Images Holding Inc. in April 2023, according to a Department of Justice statement alleging that the investor sought to boost Getty's stock in order to unload his position for a greater profit.
