Investor Lawyers BlogCalifornia Lawyer Goes to Prison for Securities Fraud
金融服务律师理查德·韦德（Richard Weed）因参与涉及许多公开贸易公司的股票骗局而被判处四年徒刑。他的判决是在
U.S. District Court in Boston.
Weed was convicted ofsecurities fraud和wire fraud in May. He and two others are accused of conspiring to make it appear as if CitySide, a ticket reseller based in Boston, was growing as a company when, in fact, it was in financial trouble. Weed was the ticket reseller’s secretary and on its board.
He drafted false and misleading legal opinion letters in order for his co-conspirators to get free trading stock. He also had the stock distributed to various entities under their control to hide their ownership of CitySide. Because of this, said the U.S. Attorney’s Office, District of Massachusetts, the co-conspirators were able to manipulate the reseller’s stock and sell shares at prices that were artificially inflated.
The government has been seeking to stop fraud involving microcap stock markets.
除了他的定罪外，杂草还是2014年提出的SEC投诉的主题，指责他使用Cityside股票参与了泵和雨衣骗局。监管机构指责他通过反向合并，虚假的法律意见书和回避期票来将票务转销商构建为公开交易的公司，以便科尔曼·弗拉赫蒂（Coleman Flaherty）和托马斯·巴西（Thomas Brazil）可以在城市中获得数百万个无限制的股票股份。
As a result, said the SEC, investors were subject to a promotional campaign that was misleading and false. When the company’s stock went up because of the hype generated by the campaign, Flaherty and Brazil sold their shares, making about $3M in illicit profits. Meantime, Weed is said to have made hefty legal fees for his involvement.
Cityside的股票很快就会失败，公司将关闭。
Cityside的股票很快就会失败，公司将关闭。
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Securities Attorney Sentenced to Prison for Securities Fraud, DOJ, August 23, 2016