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From: StockDung12/22/2004 1:25:47 PM
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"Rubin's spokesman Mike Hiles said in a statement Friday that "Dan Rubin was added to a pre-existing indictment yesterday. While the complaint names Mr. Rubin and his firm Rubin Investment Group, it will soon be proven that there has been no wrongdoing committed personally by Mr. Rubin or his firm we anticipate a complete and speedy exoneration of all complaints.""

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Investment Banker Accused Of Inflating Stock Prices
October 3, 2003

A 31-year-old investment banker frim Manhattan who once ran for mayor in Lake Helen, Fla. has been arrested on charges that he and three other men falsely inflated the value of stock in two companies. An affidavit filed by Brooklyn federal prosecutors charges that Dan Rubin, of Rubin Investment Group, and three other men artificially increased the value of stock in Classica Group Inc. and Marx Toys & Entertainment Group by $5 million to $6 million.

Rubin was arrested Thursday at his Manhattan offices on charges of conspiracy to commit securities fraud and was released on $1 million bond. Rubin has offices in New York, Los Angeles and Lake Helen, where he briefly ran for mayor before dropping out of the race late last month.

Rubin's spokesman Mike Hiles said in a statement Friday that "Dan Rubin was added to a pre-existing indictment yesterday. While the complaint names Mr. Rubin and his firm Rubin Investment Group, it will soon be proven that there has been no wrongdoing committed personally by Mr. Rubin or his firm we anticipate a complete and speedy exoneration of all complaints."

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