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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!

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To: ravenseye who wrote (340)2/24/2006 6:17:38 PM
From: StockDung  Read Replies (1) of 5673
 
Brokerage Owner Is Convicted of Fraud
From Reuters
February 24 2006

The owner of a now-defunct brokerage was convicted on securities charges for his role in a scheme to manipulate trading in over-the-counter shares of Newport Beach-based Internet gaming company Netbet Inc. that cost investors $12 million, prosecutors said.

David Rutkoske, formerly of Lloyd Wade Securities, was convicted of one count of conspiracy and one count of securities fraud by a jury in U.S. District Court in New York. He faces as many as 15 years in prison.
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