Ex-Energy Corp. CEO Pleads Guilty In Stock Scheme

Law360, New York (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.