Jaeson Birnbaum faces up to 20 years in prison for using investor funds for personal use and to pay earlier investors.
Tag: securities fraud
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.