The Nigerian businessman with claimed assets of more than $7 billion was widely reported to have been close to buying English soccer club Sheffield United.
Tag: Securities Fraud
Jaeson Birnbaum faces up to 20 years in prison for using investor funds for personal use and to pay earlier investors.
Eric Malley induced more than 300 people to invest in purportedly debt-free luxury properties.
Michael Hild allegedly called his scheme to mismark bonds a ‘self-generating money machine.’
Prosecutors say the defendants unwittingly conspired with an undercover agent who was posting as a corrupt stock promoter.