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.
May 13, 2024
A New Jersey man who was convicted of dodging taxes on more than $16 million he stole from securities fraud victims was handed a six-year prison sentence — most of which will be served simultaneously with his fraud sentence — and ordered to pay over $6 million in restitution during a Garden State federal court hearing Monday in which he denied the crimes.
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.
May 31, 2023
A New Jersey man convicted for a $40 million scheme to submit false claims for shares of settlements in stockholder class actions can't get a new trial because prosecutors presented their case adequately and competently, a Pennsylvania federal judge has ruled.
October 28, 2022
A New Jersey man has been convicted at trial in Pennsylvania federal court on charges of taking part in a scheme to steal more than $40 million from funds set up for securities fraud victims by submitting false claims on behalf of bogus clients.