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SEC boiler room defendant Cohen headed back to jail

2022-09-01 20:45 ET - Street Wire

Also Street Wire (U-ICEIF) Intelligent Content Enterprises Inc

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by Mike Caswell

Emin Cohen, a New York boiler room defendant who served two years in jail for a scheme involving Canadian Securities Exchange listing Intelligent Content Enterprises Inc. and four other stocks, is once again headed to prison. Prosecutors say that after leaving jail, Mr. Cohen violated the terms of his supervised release. Among other things, he repeatedly refused to meet with his probation officer or even speak with her.

Mr. Cohen was part of a boiler room operation that touted Intelligent Content and other stocks through "strong-arm fraudulent promotional campaigns" that mainly targeted seniors. Mr. Cohen, a "predatory telemarketer," was one of the phone operators as the scheme defrauded investors of $15-million. (All figures are in U.S. dollars.) He pleaded guilty and received two years in jail, a sentence that he completed on March 5, 2021.

That would have been the end of the matter for Mr. Cohen, had he complied with the terms of his release. As part of his sentence, he was under the supervision of a probation officer for three years after leaving prison. The standard conditions of that supervision included regularly reporting to the officer, living at a residence approved by the officer and allowing the officer to visit his home. He was also to participate in mental health treatment.

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