Michael Hild allegedly called his scheme to mismark bonds a ‘self-generating money machine.’
Tag: securities fraud
Prosecutors say the defendants unwittingly conspired with an undercover agent who was posting as a corrupt stock promoter.
Andrew Franzone allegedly used misappropriated funds to buy an airplane hangar for his race car collection.
Daniel Boice pleaded guilty to defrauding 250 investors out of more than $18 million.
uBiome’s CEO and chief scientific officer were also indicted by a federal grand jury.
Jason Peltz is accused of using insider information and a relationship with a business reporter to reap a profit.
Kristijan Krstic, aka Felix Logan, allegedly absconded with $7 million of investors’ money.
Three men tied to the company could face 20 years in prison for allegedly misrepresenting the source of funds used for distribution payments.
Stefan Qin, 24, allegedly drained the $90 million fund for ‘indulgences and speculative personal investments.’
International Investment Group’s David Hu faces a maximum sentence of 45 years in prison.
David Wagner solicited nearly $10 million and used investor funds to buy a Porsche and pay earlier investors.
Donald LaGuardia faces a maximum of 45 years in prison for misappropriating funds and lying to investors.
Terrence Chalk, aka Dr. Cash, allegedly hid his criminal past to defraud investors out of more than $4 million.
Marc Lawrence faces maximum of 60 years in prison for his role in Ponzi-like scheme.