Home

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

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.

  
What
Where


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

 

Most Popular

Legal Career Resources

August 23, 2016 Relocation is the Best Option for Attorneys Looking to Move Up

Summary: Attorneys looking for a new job will have better luck relocating to a completely new market. Learn why in this article. Read Why Every Attorney Should Look at Multiple Legal Markets When Doing a Job Search to learn more. […]

read more

SEARCH IN ARCHIVE

To Top