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Jacob Rubenstein

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BUSINESS
March 29, 1990 | PATRICE APODACA, TIMES STAFF WRITER
Four former promoters of a defunct Thousand Oaks company have been named in a 42-count criminal indictment unsealed by a grand jury in Los Angeles Tuesday. The charges, stemming from the rapid rise and collapse of the stock of Magna Technologies in 1985, include multiple counts of conspiracy and securities and wire fraud. The indictment says Magna was a "shell corporation" with no assets that was used by the defendants to profit by manipulating its stock.
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BUSINESS
April 3, 1990 | PATRICE APODACA, TIMES STAFF WRITER
The key figure in a criminal indictment unsealed by a federal grand jury in Los Angeles remained at large Monday. Jacob Rubenstein, a shareholder and principal promoter of Magna Technologies, a defunct Thousand Oaks company, is one of four men charged in the indictment with manipulating Magna stock. "I don't expect his imminent arrest," said John Walsh, assistant U.S. attorney. Last week, Walsh said the government investigated a lead that Rubenstein was in Las Vegas, but it didn't "pan out."
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BUSINESS
May 8, 1987 | JAMES BATES, Times Staff Writer
A defunct Thousand Oaks company and seven individuals are being accused by federal authorities of "massive manipulation" of the company's stock in 1985 in a scheme that brought one of them at least $1 million, the Securities and Exchange Commission said Thursday.
BUSINESS
March 29, 1990 | PATRICE APODACA, TIMES STAFF WRITER
Four former promoters of a defunct Thousand Oaks company have been named in a 42-count criminal indictment unsealed by a grand jury in Los Angeles Tuesday. The charges, stemming from the rapid rise and collapse of the stock of Magna Technologies in 1985, include multiple counts of conspiracy and securities and wire fraud. The indictment says Magna was a "shell corporation" with no assets that was used by the defendants to profit by manipulating its stock.
BUSINESS
April 3, 1990 | PATRICE APODACA, TIMES STAFF WRITER
The key figure in a criminal indictment unsealed by a federal grand jury in Los Angeles remained at large Monday. Jacob Rubenstein, a shareholder and principal promoter of Magna Technologies, a defunct Thousand Oaks company, is one of four men charged in the indictment with manipulating Magna stock. "I don't expect his imminent arrest," said John Walsh, assistant U.S. attorney. Last week, Walsh said the government investigated a lead that Rubenstein was in Las Vegas, but it didn't "pan out."
CALIFORNIA | LOCAL
September 11, 1991 | PAUL PAYNE
A Las Vegas businessman who pleaded guilty to securities and tax fraud in connection with a fake Thousand Oaks company has been sentenced to 30 months in prison and ordered to pay a $20,000 fine. In U.S. District Court in Los Angeles Monday, Robert Victor, 53, admitted his role in a scheme to boost the price of over-the-counter shares in Magna Technologies Inc. in 1985.
BUSINESS
June 11, 1991
A Thousand Oaks plastic surgeon has been convicted of conspiracy and four counts of securities and wire fraud in connection with his role in the manipulation of the stock of Magna Technologies Inc., a defunct Thousand Oaks company, the U.S. attorney's office said. Robert Gutstein, 53, Magna's former chairman, was found guilty May 31 in federal court in Los Angeles of conspiring with three other defendants to use a variety of illegal means to drive up the price of Magna's stock.
BUSINESS
March 12, 1991
A key figure in a criminal indictment pleaded guilty last week in U.S. District Court in Los Angeles to four counts of securities and tax fraud for his role in the manipulation of the stock of Magna Technologies Inc., a defunct Thousand Oaks company.
CALIFORNIA | LOCAL
June 1, 1991 | GERRY BRAILO SPENCER
A Thousand Oaks plastic surgeon has been convicted of conspiracy and securities and wire fraud in connection with his role in the manipulation of the stock of Magna Technologies Inc., a defunct Thousand Oaks corporation, the U.S. attorney's office said. Robert Gutstein, 53, was found guilty after a four-week trial in federal court of conspiring with other defendants to manipulate the market price of Magna, said John F. Walsh, an assistant U.S. attorney.
BUSINESS
May 8, 1987 | JAMES BATES, Times Staff Writer
A defunct Thousand Oaks company and seven individuals are being accused by federal authorities of "massive manipulation" of the company's stock in 1985 in a scheme that brought one of them at least $1 million, the Securities and Exchange Commission said Thursday.
CALIFORNIA | LOCAL
June 21, 1991 | JANE HULSE
A New York stockbroker has been sentenced to 30 months in prison for manipulating stock at Magna Technologies, a now-defunct Thousand Oaks company. Herbert Stone, 63, who pleaded guilty to 12 counts of conspiracy and securities and wire fraud, was sentenced in Los Angeles this week by U.S. District Judge Terry J. Hatter Jr. Magna Technologies was a shell corporation with few assets, no business income and substantial debts, said Assistant U.S. Atty. John F. Walsh.
BUSINESS
June 25, 1991
Herbert Stone, a former New York stockbroker who pleaded guilty last August to 12 counts of conspiracy, and securities and wire fraud in connection with a defunct Thousand Oaks company, last week was sentenced by a federal judge in Los Angeles to 30 months in prison. Stone, 63, was one of four defendants accused of manipulating the stock of Magna Technologies Inc.--a publicly traded company with few assets, no income and substantial debts--and reaping more than $1 million in illicit profits.
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