Richard Molinsky, Testimonials from his crd:
********* CRIMINAL ACTION (1 of 1) *********
Reporting Source: Regulator (Form U-6)
Date Reported: 08/24/2000
Court Details: SUPREME COURT OF THE STATE OF NEW YORK, COUNTY OF NEW YORK DOCKET CASE
#3282-2000
Charge Date: 07/27/2000
Charge Detail: AT ALL TIMES RELEVANT TO THIS INDICTMENT, D.H. BLAIR & CO., INC., IN NEW YORK
CITY, NEW YORK, RICHARD MOLINSKY , WAS ALLEGED TO HAVE COMMITTED MULTIPLE
CHARGES OF ENTERPRISE CORRUPTION (460.20(1)(A)), SCHEME TO DEFRAUD 1ST
(190.65(1)(B), VIOLATION OF GENERAL BUSINESS LAW (352-C(5)), FALSIFYING
BUSINESS RECORDS 1ST (175.10), GRAND LARCENY 3RD (155.35).
Current status: Pending
Status Date:
Summary: >08/16/00 CORRESPONDENCE RECEIVED 08/15/2000 FROM THE SUPREME
COURT OF THE STATE OF NEW YORK, COUNTY OF NEW YORK VIA THE
CRIMINAL PROSECUTION ASSISTANCE GROUP, A DIVISION OF THE NASDR
ENFORCEMENT DEPARTMENT. DOC. ID # I 62764
***********************************
Reporting Source: Broker (Form U-4)
Date Reported: 08/22/2000
Court Details: SUPREME COURT-NY STATE-NY COUNTY IND.#3282/2000
Charge Date: 07/27/2000
NASD Public Disclosure Program December 07, 2002 Page 4
This information is current as of: 12/06/2002
________________________________________________________________________________
NASD Registered Person: RICHARD NEIL MOLINSKY
CRD Number: 1143582
CRIMINAL ACTIONS(cont.)
Charge Detail: PLEADED NOT GUILTY TO EACH OF THE FOLLOWING CHARGES:ENTERPRISE CORRUPTION (1
COUNT); SCHEME TO DEFRAUD (1 COUNT); VIOLATION OF GENERAL BUSINESS LAW (9
COUNTS); GRAND LARCENY (5 COUNTS); FALSIFYING BUSINESS RECORDS (3 COUNTS).
PRODUCT TYPE MAY INVOLVE STOCK, WARRANTS AND OR UNITS. ALL COUNTS ARE FELONIES.
Current status: Pending
Status Date:
Summary: ALL CHARGES RELATED TO MR. MOLINSKY'S FORMER EMPLOYMENT WITH DH
BLAIR & CO., INC. MR. MOLINSKY HAS PLEADED NOT GUILTY AND PLANS
TO DEFEND AGAINST ALL CHARGES OF WRONGDOING.
===========================================
re:Richard Molinsky->SEC BARS SIX FORMER D.H. BLAIR BROKERS FROM THE SECURITIES INDUSTRY
On May 5, the Commission issued an order barring six former stockbrokers
at now-defunct broker-dealer D.H. Blair & Co., from associating with any
broker or dealer. The six individuals - Robin Breitner, John DiBella,
Raymond Hernandez, Richard Molinsky, Richard Smith and Richard Gaydos -
consented to the issuance of the order, which was based on criminal
convictions obtained by the Manhattan District Attorney's Office after
an investigation by that office and the Commission staff. Each of the
six brokers pleaded guilty to and was convicted of at least one count of
violating the Martin Act - the New York state general business law - for
market manipulation and fraudulent sales practices. People of New York
v. D.H. Blair, et al., Ind. No. 3282/00.
In connection with their pleas, the six brokers were sentenced to
probation and five of them paid a total of $1,987,500 in restitution to
defrauded investors. Specifically, Breitner paid $175,000, DiBella paid
$40,000, Gaydos paid $97,500, Molinsky paid $1,500,000, and Smith paid
$175,000. In addition, each of the six brokers was required to perform
between 1,200 and 1,500 hours of community service.
Last December, in separate administrative proceedings, the Commission
revoked D.H. Blair & Co.'s broker-dealer registration and barred four
former D.H. Blair officers -Kenton Wood, Alan Stahler, Kalman Renov and
Vito Capotorto - from associating with any broker or dealer. See Rels.
34-47070, 34-47071, 34-47072, 34-47074, and 34-47073. (Rel. 34-47797;
File No. 3-11105) |
