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Securities Fraud

CALIFORNIA | LOCAL
September 14, 1993 | JEFF McDONALD
A former Oxnard couple has been indicted on more than 65 counts of fraud and selling illegal securities for allegedly swindling dozens of investors in their defunct Oxnard manufacturing company. Thomas and Patricia Boyd, who now live in Fresno County, are accused of selling dozens of investors shares of products made by States Plastics of Oxnard through the 1980s.
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CALIFORNIA | LOCAL
February 25, 1992 | MACK REED
One of three Ventura County brothers accused of involvement in a $2.3-million swindle through the defunct Fountain Oil & Gas Co. has been sentenced to a year in County Jail. Ventura County Superior Court Judge Frederick A. Jones imposed the sentence Friday on Kenneth R. Fuentes, 36, of Thousand Oaks, who pleaded guilty in December to seven charges of securities fraud. The sentence also includes six years probation. Fountain President Charles E.
CALIFORNIA | LOCAL
July 31, 2004 | From a Times Staff Writer
A 55-year-old Thousand Oaks pharmacist has been charged with bilking more than $400,000 from elderly customers who participated in an investment scheme, authorities said Friday. John Peter Hajducko was charged Thursday with 43 felony counts of elder abuse, grand theft and securities fraud involving 13 victims, authorities said. Hajducko had been employed as a pharmacist at Sav-On drugstore on Telegraph Road, where he had won the trust of several elderly customers, prosecutors said.
BUSINESS
November 4, 2003 | From Bloomberg News
Vivendi Universal, the world's fifth-largest media company, must defend a lawsuit accusing the company and former Chief Executive Jean-Marie Messier of defrauding investors, a judge ruled. U.S. District Judge Harold Baer in Manhattan said in a 40-page opinion that investors had made enough allegations to sustain their securities fraud suit.
CALIFORNIA | LOCAL
December 16, 1995
A psychotherapist in Santa Monica faces a possible prison sentence and stiff fine for listening to more than his client's problems while he was in his office. Mervyn Cooper, 57, a licensed psychotherapist, pleaded guilty Wednesday to securities fraud for using insider information he gleaned from a patient to make a $7,000 investment in Lockheed Aircraft Co. The patient, a high-ranking Lockheed executive, told Cooper that a significant event would occur soon at the company.
CALIFORNIA | LOCAL
December 20, 1995 | BILL BILLITER
A proposed federal law governing fraud in securities investments is being opposed by the City Council, which agrees with the League of California Cities that the law would not do enough to protect victims of securities fraud. At a meeting last week, the council voted unanimously to oppose the Securities Litigation Reform Act. Council members acted after being urged by the League of California Cities to join in efforts to derail the legislation.
BUSINESS
April 13, 1990 | Associated Press
A specialist firm on the New York Stock Exchange was fined $480,350 for securities fraud by a judge who said he imposed the sentence as a deterrent. "The trading while in possession of confidential material is a crime." U.S. District Judge Charles S. Haight said Thursday at the sentencing of Marcus Schloss & Co. "It constitutes an affront to the fair operation of the marketplace."
CALIFORNIA | LOCAL
August 28, 1998 | JULIE TAMAKI
An Oxnard man engaged to one of the original members of "The Mickey Mouse Club" pleaded guilty Thursday in federal court to 21 counts stemming from his role in a securities fraud scheme. Jerry J. Fraschilla is scheduled to be sentenced Nov. 16 in U.S. District Court in Los Angeles, according to Assistant U.S. Atty. Jack S. Weiss. Fraschilla's attorney declined comment Thursday.
BUSINESS
September 4, 1998 | From Bloomberg News
Top executives of the defunct brokerage firm Stratton Oakmont Inc. were indicted for allegedly earning $5 million by misusing a Securities and Exchange Commission exemption for foreign sales of U.S. securities. Former Chairman Jordan Belfort and former President Daniel Porush were also accused of offering $2 million to a potential witness against them in an effort to conceal incriminating evidence, according to the U.S. attorney's office.
NEWS
June 9, 1989 | From Associated Press
Singer Co. Chairman Paul A. Bilzerian was convicted today of all nine counts of securities fraud and tax violation in federal court in Manhattan. The panel of six men and six women returned its verdict on the second day of deliberations. The conviction was the first jury verdict in the government's more-than-three-year crackdown on Wall Street crime. The Bilzerian case was indirectly spun off from the Ivan Boesky insider trading scandal. It was the first prosecution of a corporate raider using information derived from the Boesky investigation.
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