Boiler Room Schemer Sentenced To 5 Months For $12M Plot

Law360, New York (August 10, 2012, 7:18 PM EDT) -- A man who allegedly participated in a $12 million stock-promoting boiler room scheme was sentenced to five months in prison Friday, the day after a purported former U.S. Securities and Exchange Commission employee pled guilty to one count of conspiracy to commit securities fraud.

Isaac Davis, who allegedly participated in a scheme involving boiler rooms under the business names Powercom Energy Services Corp. and Empire Energy Services Corp., was sentenced to five months in prison and one year of supervised release, the first five months of...
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