October 23, 1999 |
Rafi M. Khan, a well-known Southland investment promoter who has been involved with many controversial stocks over the years, was sentenced to three years' probation after pleading guilty last summer to filing a false tax return. The sentence, handed down in U.S. District Court in Los Angeles, includes six months in home detention for the 48-year-old Khan.
July 8, 1999 |
Rafi M. Khan, the notorious Los Angeles stock promoter tied to controversial stock deals dating back a decade, is cooperating with federal investigators in an undisclosed number of fraud probes, the government announced. As part of a plea agreement filed with the U.S. attorney's office this week, Khan pleaded guilty to filing a false tax return for 1991, officials said. He is to return to court for sentencing Oct. 18.
July 31, 1998 |
Controversial Los Angeles stock promoter Rafi M. Khan allegedly manipulated the shares of two companies--Future Communications and L.L. Knickerbocker--in schemes dating to 1993 that included unauthorized trading and parking stock in phony accounts, according to a civil complaint filed Thursday by the Securities and Exchange Commission.
August 15, 1995 |
The soaring stock price of collectible doll and toy maker L.L. Knickerbocker nose-dived 20% on Monday in what some investors welcomed as a cooling-off for the overheated shares. The frenzied trading in Knickerbocker stock had driven the price up tenfold in the last six weeks, but the price fell $9.25 a share Monday to close at $37.50 on the Nasdaq market.
February 2, 1994 |
ICN Beats Back Khan's Proxy Challenge: The Costa Mesa-based drug company easily won a bitter 10-month proxy battle as dissident investor Rafi M. Khan garnered less than 10% of the votes cast at the firm's annual meeting on his proposal to oust Chairman Milan Panic and eight other board members. ICN said it will pursue legal action against Khan unless he reimburses the company for the $4 million it spent defending itself.