September 19, 2024
A New Jersey man convicted for stealing $40 million from settlements in stockholder class actions told a Third Circuit panel Thursday the multimillion-dollar restitution ordered at his sentencing is unlawful and should be vacated, arguing that the settlements weren't harmed.
December 18, 2023
Erik Cohen, who pled guilty to netting $9.7 million as a co-conspirator in a securities fraud scheme to steal more than $40 million from investors, was sentenced to 18 months in prison by a Pennsylvania federal judge on Monday.
June 09, 2023
A New Jersey man convicted of participating in a scheme to steal more than $40 million from securities fraud victims was handed a 10-year prison sentence and hit with $31 million in criminal monetary penalties.
November 03, 2021
Federal prosecutors arrested three men Wednesday on charges of fraud, accusing the trio of stealing $40 million by claiming money owed to phony investors from settled securities cases, according to the U.S. Attorney's Office and a U.S. Securities and Exchange Commission lawsuit filed in Pennsylvania federal court.