Spongetech Consultant Wants Break On Perjury Sentence

Law360, New York (September 30, 2011, 7:06 PM EDT) -- A marketing consultant soon to be sentenced for lying about his role in helping Spongetech Delivery Systems Inc. cover up an alleged pump-and-dump scheme asked a federal New York judge on Thursday to eschew prison time in favor of supervised release.

George Speranza, an independent consultant hired by Spongetech to market its products, admitted to prosecutors in May that he lied during a U.S. Securities and Exchange Commission investigation about helping the sponge-filled soap maker mislead shareholders with fake client websites. He copped to one count...
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Case Information

Case Title

USA v. Metter et al


Case Number

1:10-cr-00600

Court

New York Eastern

Nature of Suit

Date Filed

August 6, 2010

Government Agencies

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