Here is more from the article...paying bribes:
In August 1995, Ruge took over the leadership of the IIGR manipulation
scheme from Wolff. Ruge continued to pay bribes to the Symons Financial
brokers through Wolff and, in addition, paid bribes to Stone for sales of
IIGR stock to Stone's retail customers. At that time, Stone was operating
Stone Asset Management, Inc. in Dallas, Texas, as a branch operation of
T.L. Group, Ltd., a registered broker-dealer. During the period from
August to December 1995, Stone sold approximately 200,000 shares of IIGR
for approximately $685,000, and received bribes totaling approximately
$150,000. During the same period, the other broker defendants sold
approximately 200,000 additional shares for approximately $550,000, and
received bribes totaling approximately $175,000.
Bad Boys! |
