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Shaun Greenwald

Police & Fire
Clifton Trader Sent To Federal Prison For $17 Million Market Manipulation Scheme Clifton Trader Sent To Federal Prison For $17 Million Market Manipulation Scheme
Clifton Trader Sent To Federal Prison For $17 Million Market Manipulation Scheme A securities trader from Clifton was sentenced Tuesday to 18 months in federal prison for orchestrating a market manipulation scheme that netted him and others more than $17 million, authorities said. Joseph Taub, 41, must serve the entire term because there’s no parole in the federal prison system. U.S. District Judge John Michael Vazquez also sentenced Taub via teleconference from Newark to one year of supervised release, while ordering him to forfeit $17.1 million and pay restitution of $394,424 to the IRS. The Department of Justice also has reached a settlement of a civil forfeiture ca…

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by Jerry DeMarco
Police & Fire
Market Manipulator Admits Multi-Million-Dollar Scheme With Clifton Trader Market Manipulator Admits Multi-Million-Dollar Scheme With Clifton Trader
Market Manipulator Admits Multi-Million-Dollar Scheme With Clifton Trader CLIFTON, N.J. -- A Long Island man admitted Tuesday that he netted millions in illegal profits in a market manipulation scheme aided by a Clifton securities trader. Pleading guilty in federal court in Newark to securities and tax fraud conspiracy, 40-year-old Shaun Greenwald said that he, Joseph Taub, 38, and others coordinated trading in dozens of brokerage accounts that they secretly controlled from 2014 through 2016 to manipulate securities prices. Straw accounts were created in their names, the names of their family members, and the names of entities they controlled, Greenwald admitted…

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by Jerry DeMarco