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by Mike Caswell

Former Dolphin Digital Media Inc. president Giuseppe Pino Baldassarre has pleaded not guilty to broker bribery charges he faces in New York. Mr. Baldassarre, a 53-year-old Canadian living in Florida, entered the plea in a brief afternoon appearance before New York District Court Judge Jack Weinstein on Friday, Dec. 16. Also pleading not guilty was his co-accused, Florida broker Robert Mouallem.

Prosecutors claim that Mr. Baldassarre offered to pay a 30-per-cent kickback to have brokers buy up to $4-million worth of stock in Dolphin Digital, a Miami-based OTC Bulletin Board listing. (All figures are in U.S. dollars.) They made the arrangement with a man only identified as "Individual A" who said he represented a group of brokers with control over discretionary accounts. (In other similar cases Individual A turned out to be an undercover FBI agent.)

During the Friday appearance Judge Weinstein continued Mr. Baldassarre's bail arrangement that he entered into after his arrest in Florida earlier this month. He agreed to a $100,000 appearance bond and to surrender his Canadian passport. Mr. Mouallem also remains free on a $250,000 appearance bond. The government has yet to arrest the other Canadian named in the case, Prince Edward Island resident Malcolm Stockdale, 66.

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