by Mike Caswell
A U.S. federal jury has convicted former Dolphin Digital Media Inc. president Giuseppe Pino Baldassarre of charges that stemmed from a broker bribery scheme. Mr. Baldassarre, a Canadian living in Florida, received the verdict on Monday, Aug. 20, after a three-day trial. He was immediately taken into custody to await his sentence.
Prosecutors claimed that Mr. Baldassarre and an associate offered to pay a 30-per-cent kickback to have brokers buy $3-million worth of shares in Dolphin Digital Media, a Miami company that created secure social networking websites for children. (All figures are in U.S. dollars.) Unbeknownst to Mr. Baldassarre, the person who was arranging the buying was actually an undercover FBI agent.