Isaac, the cost of being you has gone waaaay up: "5/11 6:16P (DJ) DJFormer Broker Sentenced To More Than 10 Yrs In Fraud Case (I/SCR, G/JUS, G/USG, N/DJN, N/DJWI, N/CRM,N/DJPF,
N/DJRT...)
NEW YORK (DowJones)--Former stock broker Christopher Wolf was sentenced
to more than 10 years in jail and ordered to pay more than $20million
in restitution for his part in a money laundering and stockmanipulation
scheme. In a press releaseFriday, the U.S. Attorney's Office for the
Eastern District of New York said Wolf pled guilty on May 3 to onecount of
securities fraud, five counts of securities fraud conspiracy and twocounts of
money laundering.
The pleas stem fromWolf's participation in financial crimes between
1992 and 1999. Wolf has been incustody since his arrest in March
1999. From 1995 to 1997 Wolf came to own and manage brokerage firms,
including J.S. Securities, Vision Investment Group, Euro-AtlanticSecurities and
Global Strategies Group Inc., which generated millions of dollarsin illicit
profits through stock manipulation and fraudulent
securities sales. |
