Accountant Ducks Prison For $17M Stock Scheme, Tax Fraud
Bill Wichert, 23 February 2021
An accountant avoided a prison sentence Tuesday for his roles in a stock market manipulation scheme that reaped more than $17 million in illicit profits and a related tax fraud scheme, with a New Jersey federal judge citing his extensive cooperation with prosecutors against the securities trader who orchestrated the crimes.
About two months after handing out an 18-month prison term to that mastermind, U.S. District Judge John Michael Vazquez sentenced the 43-year-old Shaun Greenwald to three years of probation, including eight months of home detention with location monitoring, following his 2018 guilty plea to conspiracy charges. Continue reading “Article: Accountant Ducks Prison For $17M Stock Scheme, Tax Fraud”
NJ Securities Trader Gets 18 Months For $17M Stock Scheme
Bill Wichert, 22 December 2020
A New Jersey federal judge on Tuesday dashed a securities trader’s hopes of receiving home confinement, sentencing him to 18 months behind bars based on his plea agreement with the government over charges he orchestrated a market manipulation scheme that reaped more than $17 million in illicit profits.
In making the request for home confinement, Joseph Taub told U.S. District Judge John Michael Vazquez during a Zoom hearing that “I’ve never been away from my kids more than one day at the most,” and that his wife’s father died as a result of the COVID-19 pandemic. Continue reading “Article: NJ Securities Trader Gets 18 Months For $17M Stock Scheme”
The Story of Deep Capture
By Mark Mitchell, with reporting by the Deep Capture Team
The Columbia School of Journalism is our nation’s finest. They grant the Pulitzer Prize, and their journal, The Columbia Journalism Review, is the profession’s gold standard. CJR reporters are high priests of a decaying temple, tending a flame in a land going dark. In 2006 a CJR editor (a seasoned journalist formerly with Time magazine in Asia, The Wall Street Journal Europe, and The Far Eastern Economic Review) called me to discuss suspicions he was forming about the US financial media. I gave him leads but warned, “Chasing this will take you down a rabbit hole with no bottom.” For months he pursued his story against pressure and threats he once described as, “something out of a Hollywood B movie, but unlike the movies, the evil corporations fighting the journalist are not thugs burying toxic waste, they are Wall Street and the financial media itself.” His exposé reveals a circle of corruption enclosing venerable Wall Street banks, shady offshore financiers, and suspiciously compliant reporters at The Wall Street Journal, Fortune, CNBC, and The New York Times. If you ever wonder how reporters react when a journalist investigates them (answer: like white-collar crooks they dodge interviews, lie, and hide behind lawyers), or if financial corruption interests you, then this is for you. It makes Grisham read like a book of bedtime stories, and exposes a scandal that may make Enron look like an afternoon tea.
Introduction By Patrick M. Byrne, Deep Capture Reporter
PDF (69 Pages): Deep Capture Story