Atty Should Forfeit $5M From NFLer's Stock Scheme, US Says

Law360, New York (August 19, 2013, 3:25 PM EDT) -- U.S. prosecutors told a Florida federal judge Friday that a California attorney should forfeit $5.4 million he received by participating in an alleged scheme with former NFL player Willie Gault and others to artificially inflate a heart-monitoring device company's stock.

Attorney Mitchell J. Stein personally received $3.2 million from the fraud scheme and must forfeit the money following his May conviction, according to the U.S. Department of Justice. But the Justice Department also says that under federal law, Stein is responsible for $2.2 million that one...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

USA v. Stein


Case Number

9:11-cr-80205

Court

Florida Southern

Nature of Suit

Date Filed

December 13, 2011

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.