Auric Goldfinger's Short List Message Board

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Non-Tech : Auric Goldfinger's Short List

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To: afrayem onigwecher who wrote (12038)	8/24/2003 12:57:41 PM
From: StockDung	of 19428

Harold Gallison Jr->LA JOLLA MAN SENTENCED TO PRISON FOR STOCK FRAUD (08-23-2003) - Authorities said a La Jolla man who conspired with three others and swindled several San Diegans out of $4.5 million will spend at least five years behind bars in state prison. Harold Gallison Jr., 45, and his co-defendants conspired to sell the stock of Natural Born Carvers--an essentially worthless company--through Gallison's La Jolla Capital. "These criminals believe they are out of reach, but they are not," said Deputy District Attorney Steve Robinson. "Our office is committed to finding them, uncovering their scams and prosecuting them." Gallison was booked Wednesday after being sentenced by Superior Court Judge Bernard Revak. The defendant pleaded guilty to conspiracy to defraud. He received about $1.5 million in free stock in exchange for La Jolla Capital selling the stock to the public, authorities said. Prosecutors said Gallison hid the proceeds he received from the sophisticated scheme in offshore accounts in the Cayman Islands and Hong Kong. The district attorney's office said it has received $500,000 toward restitution to the victims.

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