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.

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.