The Bed Bath & Beyond CFO who plunged to his death on Friday was being sued for artificially inflating the company's stock price in a 'pump and dump' scheme to sell off his shares at a higher price - a plot he allegedly pulled off with the help of a billionaire investor in the troubled home goods firm.Gustavo Arnal, 52, is listed as one of the defendants in a class action lawsuit brought by a group of shareholders who claim they lost around $1.2billion when Arnal - and majority shareholder Ryan Cohen - engaged in a 'pump and dump' scheme.The lawsuit, filed in the United States District Court for the District of Columbia on August 23, claims Cohen had approached Arnal about a plan to control shares of Bed Bath & Beyond so they could both profit. But, following the CFO's untimely death, Cohen has been left to face the music alone.
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