11th Circ. Affirms Convictions In $42M Pump-And-Dump Case

Law360, Los Angeles (January 6, 2014, 8:28 PM EST) -- The Eleventh Circuit on Monday rejected an appeal by two defendants convicted of losing $42 million in a pump-and-dump scheme that inflated the stocks of Conversion Solutions Holdings Corp., finding the district court was right to refuse representation to CSH’s ex-CEO after he absconded.

Moments before co-defendants Rufus Paul Harris and Benjamin Stanley were supposed to present opening statements in their fraud securities trial, Harris moved to represent himself and, after the motion was granted, he fled justice. After the trial, Harris and Stanley appealed their...
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