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Pump and Dump Fraud

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Man Sentenced For Role In Stock 'Pump, Dump' Scheme Involving CT Resident Man Sentenced For Role In Stock 'Pump, Dump' Scheme Involving CT Resident
Man Sentenced For Role In Stock 'Pump, Dump' Scheme Involving CT Resident A man who engaged in a six-year securities fraud scheme is heading to prison after costing investors - including several in Connecticut - out of nearly $20 million. Boca Raton resident William Lieberman, 42, has been sentenced to 84 months in prison, followed by three years of supervised release, and must pay back more than $5 million in restitution for his role in the scam. John Durham, the United States Attorney for the District of Connecticut, announced the sentence on Friday. Beginning in 2010 and spanning through July 2016, Lieberman conspired with others, including Connecticut reside…

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by Zak Failla