ED Magedson – Founder
Robert S. BrownInternet United States of America
Lawyer to Admit Hiding Knowledge of Stock Scam
New York Law Journal
by Jordan Weissman
Federal prosecutors filed a plea agreement Wednesday with a New York-based businessman and lawyer charged with lying to federal investigators about his knowledge of a fraudulent stock sale.
Robert S. Brown agreed to plead guilty to obstruction of justice for hiding what he knew about a "pump and dump" scheme involving an unnamed investment firm in Newport Beach, Calif. According to documents filed at the U.S. District Court for the District of Columbia in United States v. Brown, 09-cr-00267, Mr. Brown also helped an executive from the firm, as well as the chief executive officer and a member of the board of directors of a Chinese company, fraudulently transfer more than $25 million through a series of shell companies into accounts they controlled.
According to a criminal information filed last month in the case, Mr. Brown's activities took place roughly between January 2004 and January 2008, while he was a name partner with New York's Reitler Brown & Rosenblatt, now Reitler Kalias & Rosenblatt.....
This report was posted on Ripoff Report on 04/02/2010 11:48 PM and is a permanent record located here: http://www.ripoffreport.com/reports/robert-s-brown/internet/robert-s-brown-agrees-to-plead-guilty-internet-589104. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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