Ex-Energy Corp. CEO Pleads Guilty In Stock Scheme

Law360 (October 15, 2008, 12:00 AM EDT) -- The former chief executive officer of the now-defunct Rocky Mountain Energy Corp. has pled guilty to a criminal charge of knowingly making misleading statements to the U.S. Securities and Exchange Commission as part of a stock price inflation scheme.

John N. Ehrman pled guilty to one count of a 13-count indictment on Tuesday in the U.S. District Court for the Southern District of Texas. If convicted, he faces up to 20 years in prison and a $5 million fine.

The U.S. District Attorneys Office brought an indictment against Ehrman in July 2007, alleging that between June 2002 and April 2003, he...

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