Ex-Axius CEO Admits Trying To Bribe Stock Brokers

Law360, New York (January 11, 2013, 4:09 PM EST) -- Former Axius Inc. CEO Roland Kaufmann pled guilty Friday in New York federal court after prosecutors accused him of hatching a scheme to bribe stock brokers and manipulate the share price of his holding company's stock.

Kaufmann, 60, a Swiss citizen, pled guilty before U.S. District Judge John Gleeson in the Eastern District of New York to one count of conspiracy to violate the Travel Act.

At sentencing, scheduled for May 17, Kaufmann faces a maximum penalty of five years in prison. As part of his...
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