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Prosecutors Charge Park Capital Executives

Law360 (December 5, 2007, 12:00 AM EST) -- Three former executives of defunct brokerage firm Park Capital Securities LLC were indicted, arrested and arraigned Wednesday on charges of “pumping and dumping” the stock of insurance claim recovery company Cordia Corp. in violation of federal securities law.

Park Capital's former CEO, COO and registered representative were charged with conspiracy to commit securities fraud and securities fraud by the U.S. district attorney for the Eastern District of New York.

The defendants — Philip Anthony Orlando, Anthony John Orlando Jr. and Anthony John Johnson — each may...
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