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Old 11-25-2007, 11:57 AM
xx44 xx44 is offline
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Join Date: Jul 2006
Posts: 668
Default Re: Ask me about financial success to spending 2 years state prison

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What were the charges specifically? Securities fraud?

I think those of you arguing the likelihood of his guilt are also missing the legal fuzziness of a lot of white collar crime, as a lot of it originates from some scheme that is borderline legal and borderline ethical to begin with or operates on some kind of loophole.

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The charges were a securities fraud. The DA charged us under laws that were made to prosecute totally different illegal activity. Therefore I would prefer not give the specific charges as it was a rarity for a security crime to be prosecuted under these laws (would like to stay anonymous).

Yes unethical at the worst should have been NASD violations but it was all about headlines, and once the DA relented on the promoting part, he was'nt letting go.
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