00:17:03 EST Wed 12 Dec 2018
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
U S Securities and Exchange Commission
Symbol U : *SEC
Recent Sedar Documents

SEC defendant Landis to plead guilty

2018-12-06 10:25 ET - Street Wire

Also Street Wire (U-AGHI) Agora Holdings Inc
Also Street Wire (U-EPTI) Environmental Packaging Technologies Inc
Also Street Wire (U-IMMA) Interactive Multi-Media Auction Corp

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Virginia stock tout Eric Landis has agreed to plead guilty for carrying out a scheme to boost 97 public companies. The government claims that he carried out scores of manipulative trades in stocks that he was paid to promote. The listings included Interactive Multi-Media Auction Corp., an OTC Markets company that Vancouver-area residents Kenneth Telford and Jason McDiarmid were separately fined for manipulating.

Mr. Landis's upcoming guilty plea is set out in a letter that prosecutors filed in federal court in Boston on Wednesday, Dec. 5. The letter states that Mr. Landis has agreed to plead guilty to one count of securities fraud, a charge that carries a maximum term of 20 years. Prosecutors and defence lawyers appear to have settled on a jail term of 33 months, with each side agreeing not to appeal such a sentence. The judge will, of course, be free to impose a different term. Mr. Landis will also forfeit his gains from the scheme, which prosecutors previously calculated to be $3.3-million. (All figures are in U.S. dollars.)

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2018 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.