Brief: U.S. charges 14 defendants in alleged $147 mln New York boiler room scheme

National Waste Management Holdings

12/07/2017 19:40

July 12 (Reuters) - PROSECUTORS SAY DEFENDANTS CONSPIRED TO 
DEFRAUD INVESTORS IN FIVE PUBLICLY-TRADED COMPANIES IN SCHEME 
FROM JANUARY 2014 TO JULY 2017 
PROSECUTORS SAY 10 OF 14 DEFENDANTS EXPECTED TO BE ARRAIGNED IN 
BROOKLYN ON WEDNESDAY, AND THE OTHER 4 DEFENDANTS TO MAKE 
APPEARANCES IN OTHER COURTHOUSES  
PROSECUTORS SAY CRIMINAL CHARGES INCLUDE SECURITIES FRAUD; AS 
WELL AS CONSPIRACIES TO COMMIT SECURITIES FRAUD, WIRE FRAUD AND 
MONEY LAUNDERING 
U.S. UNVEILS CRIMINAL CHARGES AGAINST 14 DEFENDANTS IN ALLEGED 
$147 MLN BOILER ROOM SCHEME IN LONG ISLAND, NEW YORK TO 
MANIPULATE STOCK PRICES 
PROSECUTORS SAY MANY VICTIMS WERE SENIOR CITIZENS WHO WERE 
REPEATEDLY PRESSURED TO BUY STOCKS AND RECEIVE STOCK 
RECOMMENDATIONS  
 
 
Keywords: BOILERROOM CHARGES/