Promote Your Attorney Profile on Law.net - Get Found / Earn More!
Pennsylvania Supreme Court Justice Suspended for Sexually Graphic Emails
Pennsylvania Supreme Court Justice Suspended for Sexually Graphic Emai...
Tax Increases up to 90 Percent Best Move for All Americans
Tax Increases up to 90 Percent Best Move for All Americans
Police Brutality Case Nets Man $1,000 and His Lawyers $459,000
Police Brutality Case Nets Man $1,000 and His Lawyers $459,000
Simpsons Faces $250 Million Suit Over Mafia Character
Simpsons Faces $250 Million Suit Over Mafia Character
Legal Job Listings

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

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.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




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

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
Associate Attorney with 3-5 years of land use or litigation experience
USA-NY-Melville

BROWN & ALTMAN LLP, a Melville, New York based law firm with growing commercial real estate / zoning / litigation practice seeks an individual with 3-5 years of land use or litigation experience. ...

Related Posts: