18:10:24 EDT Tue 21 May 2024
Enter Symbol
or Name

Login ID:

SEC's HD View defendant Mancino to plead guilty

2019-04-15 10:45 ET - Street Wire

Also Street Wire (U-HDVW) HD View 360 Inc

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

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.

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

© 2024 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.

Comments for this item are closed