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unusual facts about Securities fraud


Securities fraud

Representative Chesley V. Morton, the only stockbroker in the Georgia General Assembly at the time, was principal sponsor of the bill in the House of Representatives.


Adbot

On that date, the Federal Bureau of Investigation raided Adbot's office resulting in the cessation of normal operations, as part of an investigation into securities fraud related to Frith's Chicago Partnership Board (CPB) operation, the ill-advised source of Adbot's start-up funding.

Judicial Panel on Multidistrict Litigation

These dockets encompass litigation categories as diverse as securities fraud, drugs and other products liability cases, intellectual property infringement, antitrust law violations, airplane crashes, employment practices and consumer data security breaches.

Russell Erxleben

In 1999, following an investigation by the Texas State Securities Board and the Internal Revenue Service, Erxleben pleaded guilty to one count of conspiracy to commit securities fraud, mail fraud and money laundering, and a second count for securities fraud, in connection with misleading statements regarding the past performance of Austin Forex.

Walter Forbes

He was prosecuted by the U.S. Attorney's Office for the District of New Jersey and convicted of one count of conspiracy to commit securities fraud, and two counts of making false statements, for inflating reported incomes for the Cendant Corporation, when he was Chief Executive Officer of that company in the 1990s, and at its predecessor company CUC International.


see also

Idiot defense

John J. Rigas, the founder of Adelphia, was charged with conspiracy, bank fraud, and securities fraud.

Refco

On February 15, 2008, Phillip R. Bennett pleaded guilty to 20 charges of securities fraud and other criminal charges.

Sandy Bentley

In 2003, Yagalla pleaded guilty to securities fraud, and was sentenced to five years and five months at Pensacola Federal Prison.

William Glendon

In the 1977 securities fraud case Santa Fe Industries Inc. v. Green, Glendon successfully argued that a party challenging a securities transaction permitted under state law must prove fraudulent deception and not just a breach of fiduciary responsibility.