Tri-Star CEO Admits To Kickback Scheme

Law360, New York (December 10, 2010, 12:08 PM EST) -- The president of Tri-Star Holdings Inc., a purported gold mining company, has pled guilty to charges he offered kickbacks to a pension fund fiduciary for buying millions of shares in the company at inflated prices.

Anthony Mellone filed a plea agreement Thursday in the U.S. District Court for the Southern District of Florida, copping to allegations he schemed to drive up the trading volume and price of Tri-Star penny stock by paying a pension fund fiduciary to buy up shares.

“The defendant agrees to plead guilty...
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