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”
Two traders arrested over alleged manipulation of more than 2,000 stocks
Francine McKenna, MarketWatch, 13 December 2016
Joseph Taub and Elazar Shmalo allegedly used dozens of accounts at several brokerage firms in bouts of manipulative trading activity
Read full article.
Comment: We are shocked, shocked. But this is just a cover-up. Martha Stewart Plus One. SEC and DOJ are RICO organizations overseen by the Senate Banking Committee, the Deep State’s enabler of white collar treason and crime.
SEC Brings Fraud Charges Against Another Hedge Fund
Stephen Taub, 25 October 2010
Another day, another hedge fund accused of wrong-doing by regulators.
The Securities and Exchange Commission Monday charged hedge fund manager Stephen M. Hicks and his investment advisory businesses with defrauding investors in funds managed by Southridge Capital Management LLC and Southridge Advisors LLC by overvaluing the largest position held by the funds. The SEC also alleges that Ridgefield, Ct.-based Hicks “made material misrepresentations” and misused investor money to pay legal and administrative expenses of other funds managed by Hicks and Southridge. Continue reading “Article: SEC Brings Fraud Charges Against Another Hedge Fund”