1,000,000 + Attorneys and Legal Staff - Legal employers hire more people on LawCrossing than any other site.
California Bill Offers $3 Million to Immigrants
California Bill Offers $3 Million to Immigrants
Florida Same-Sex Marriage Ban Defeated by Judge
Florida Same-Sex Marriage Ban Defeated by Judge
Lawyers Helping Protesters in Ferguson Arrested
Lawyers Helping Protesters in Ferguson Arrested
Argentina Blaming Cleary Gottlieb for Defaulting on Bonds
Argentina Blaming Cleary Gottlieb for Defaulting on Bonds
Job Listings

Former SEC Enforcement Lawyer Convicted in ‘Pump and Dump’ Scheme

facebooktwittergoogle_plusredditpinterestlinkedinmail

Phillip Windom Offill, a former Securities and Exchange Commission enforcement lawyer in the agency’s Fort Worth, Texas, office was convicted on one count of conspiracy and nine counts of wire fraud for his part in a ‘pump and dump’ scheme selling unregistered securities of nine companies to investors.

“It is a sad day when a former U.S. Securities and Exchange Commission attorney uses what he learned in the government to later defraud the investing public,” said Lanny A. Breuer, an assistant attorney general at the Justice Department.

Per court documents, Offill, along with co-conspirators, would encourage investors to buy shares in various companies via “blast” emails and phony press releases. When stock prices increased, the co-conspirators, including some chief executives of the companies, sold their stock for profit.

Federal prosecutors in Virginia said they are seeking $15 million in forfeiture. Offill, 51, is scheduled to be sentenced on April 16.

Former SEC Enforcement Lawyer Convicted in 'Pump and Dump' Scheme by

facebooktwittergoogle_plusredditpinterestlinkedinmail

Tagged: , , , , ,

Posted by on January 29, 2010. Filed under Home,Legal News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

 

 

Job of the Day
Real Estate Associate
USA-TX-Dallas

Our client is a north Dallas law firm who seeks a Real Estate Development Associate.  The ideal candidate will have 2-4 years law firm experience concentrated in representing real estate develope...