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Forcefield defendant Knippa looking at three-year term

2017-08-08 19:34 ET - Street Wire

See Street Wire (U-FNRG) Forcefield Energy Inc

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by Mike Caswell

New York prosecutors have asked for a sentence of about three years for Tres Knippa, the former TV commentator who pleaded guilty to charges stemming from the Forcefield Energy Inc. manipulation. They say that Mr. Knippa touted the stock more than once, with his appearances including one on Fox Business Channel. Meanwhile he collected undisclosed kickbacks paid through a Belizean bank.

The request from prosecutors comes as Mr. Knippa is awaiting sentencing for helping Canadian Richard St. Julien boost Forcefield to a $7.82 high in 2015. (All figures are in U.S. dollars.) According to the government, Mr. St. Julien paid secret kickbacks to Mr. Knippa and others, including several brokers, as the stock's market capitalization went to $131-million. Investors suffered massive losses after the U.S. Securities and Exchange Commission halted Forcefield on April 21, 2015, citing a possible manipulation in progress.

Tres Knippa
REDTHANDEAD
Tres Knippa

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