Re: Russell Candela
Russell Candela is the brother of Kimberly Scarola, longtime girlfriend of Alain Chalem.
According to the Asbury Park Press:
Candela has a son, also named Russell W. According to records from the National Association of Securities Dealers, which licenses stockbrokers, a Russell W. Candela serves in the New York Air National Guard and also served in the U.S. Air Force Reserve and worked for two beverage distributors until 1991.
In 1994, a Russell W. Candela worked for about six months for the now-defunct Greenway Capital Corp., New York, which the Securities and Exchange Commission has cited for violating penny stock trading rules.
siliconinvestor.com
While Greenway Capital was involved in criminal activities when Candela worked for them, there absolutely no proof he was involved in any way with anything even remotely illegal.
The Securities and Exchange Commission announced today that it instituted administrative proceedings against Cortlandt Capital Corp. (a New York City broker-dealer formerly known as Greenway Capital Corp.), Mayer Amsel, and Joseph Michael Guccione. In the Order Instituting Proceedings, the Division of Enforcement alleges that, in late 1993 and early 1994, Amsel and, through him, Cortlandt manipulated the price of the stock of Vertex Industries, Inc. (a New Jersey company) and defrauded customers and other broker-dealers.
sec.gov
Or, perhaps he fit the following description:
...Greenway used young, inexperienced brokers to sell low-priced, highly speculative securities to retail customers through boiler room sales tactics...
nasdaqnews.com
In any case, he didn't last long at Greenway and I don't see a record for him in the NASDR database.
- Jeff |
