February 24, 2015
A New York lawyer censured for lying under oath to a federal judge about a trust controlled by securities fraudster David Smith and his wife saw the action reversed by the state's highest court on Tuesday.
August 14, 2013
A New York federal judge has sentenced a founder of brokerage McGinn Smith & Co. to 15 years in prison and another one to 10 years for stealing $4.1 million from clients and causing even bigger losses on investments.
July 24, 2013
Prosecutors asked a New York federal judge on Wednesday to impose life sentences and millions in fines for the two founders of Albany-based brokerage firm McGinn Smith & Co. following their convictions in an intricate fraud scheme in which investors lost nearly $30 million.
April 26, 2013
The convicted founders of brokerage McGinn Smith & Co. failed to persuade a New York federal judge Friday to acquit them or give them a retrial over their alleged scheme to use $4 million in investor funds for personal expenses.
February 06, 2013
A New York federal jury convicted the founders of upstate brokerage McGinn Smith & Co. on multiple counts of fraud for siphoning more than $4 million from investors for their own personal use, the U.S. Department of Justice said Wednesday.