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by Mike Caswell
Dennis Mancino, one of two men charged in the planned pump-and-dump of HD View 360 Inc., has agreed to plead guilty. New York prosecutors claim that he was part of a $2-million scheme to boost HD View in 2017, with at least some of the trading to go through a Canadian brokerage. (All figures are in U.S. dollars.) The plan only fell apart after Mr. Mancino and a co-accused included an undercover agent in the scheme.
Mr. Mancino is scheduled to enter his guilty plea in an appearance in New York on June 24, 2019, before Judge Kiyo Matsumoto. His intention to plead guilty is set out in a letter to the judge filed on Friday, April 12, in New York. The letter does not contain any terms of his proposed plea, with those details likely to come out when his plea agreement is prepared and filed in court.
With Mr. Mancino's guilty plea, the case will not go to a trial, as his co-accused, Florida resident William Hirschy, previously pleaded guilty. He admitted to one count of securities fraud and one count of conspiracy to commit securities fraud. Both men now await sentencing, and are free on bond.
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