![Illustration of people running off a cliff chasing a dollar symbol tied to a string hanging from Pinocchio's nose. The background is blue, and the "Getty Images" watermark is present on the left side.](https://petapixel.com/assets/uploads/2024/06/getty-images-trillium-capital-sec-lawsuit-featured-300x157.jpg)
$4 Billion Offer for Getty Images Was an Illegal ‘Pump and Dump’ Scheme
In April 2023, Getty rejected a $4 billion takeover bid from Massachusetts-based investment firm Trillium Capital, categorizing the acquisition attempt as insufficiently credible. Now, federal investigators describe the failed takeover as a "pump and dump" scheme and have charged Trillium and its CEO with securities fraud.