SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Whodunit? Two Stockbrokers Murdered in Jersey; No Clues -- Ignore unavailable to you. Want to Upgrade?


To: Janice Shell who wrote (979)3/2/2000 6:38:00 PM
From: IceShark  Read Replies (1) | Respond to of 1156
 
Which is typical in professional jobs. Maybe one day the answer will bubble up out of left field.



To: Janice Shell who wrote (979)3/8/2000 5:34:00 PM
From: FigureOuter  Read Replies (1) | Respond to of 1156
 
Or has the story ended.

Is this of any significance?

(DOW JONES) DJN: DJ Ex-Renaissance Fincl Principals Indicted In Perjury
DJN: DJ Ex-Renaissance Fincl Principals Indicted In Perjury Case

By Colleen DeBaise

NEW YORK (Dow Jones)--A Long Island, N.Y., man who was barred from the
securities industry more than 25 years ago was indicted on charges he
secretly went to work for now-defunct Renaissance Financial Securities Corp.

Stanley Cohen was charged along with his son Adam Cohen, daughter Jamie
Scher and two other firm employees with hiding his employment while
obtaining licenses from securities regulators and money from customers.
Cohen, formerly a mayor and chief of police in Great Neck Estates, N.Y.,
also was charged with fraud for manipulating the prices of stocks in which
Renaissance made a market, including ObjectSoft Corp. (OSFT) and Intelect
Communications Inc. (ICOM).
Manhattan District Attorney Robert M. Morgenthau said it was unclear if the
firm's customers lost any money because of the defendants' alleged
wrongdoing. Cohen was paid more than $400,000 during his nearly two years as
head trader at Renaissance, he said.
The indictment follows similar charges filed in October by the National
Association of Securities Dealers accusing Cohen and other employees of
thwarting its probe into his employment. Cohen was barred from the
securities industry by the Securities and Exchange Commission in 1973 for
manipulating stock prices.
Authorities say Adam Cohen was president of Renaissance and Jamie Scher was
its in-house counsel. Also indicted were Todd Spehler, the firm's chief
executive, and Eileen Torrillo, its office manager. Renaissance withdrew
from NASD membership in 1998.
The defendants could face up to seven years in prison if convicted of
perjury, the most serious charge. They were scheduled to be arraigned later
Wednesday in New York State Supreme Court. An attorney representing the
Cohens and Scher couldn't be reached for comment.
-Colleen DeBaise, Dow Jones Newswires, 212-227-2017,
colleen.debaise@dowjones.com

(END) DOW JONES NEWS 03-08-00
03:53 PM
*** end of story ***