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Keith Orlean

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Ex-CEO From Long Island Sentenced For Scheme To Defraud Victims In Sale Of Worthless Stock Ex-CEO From Long Island Sentenced For Scheme To Defraud Victims In Sale Of Worthless Stock
Ex-ceo From Long Island Sentenced For Scheme To Defraud Victims In Sale Of Worthless Stock A former CEO from Long Island will spend time behind bars after admitting to his role in a scheme to defraud the elderly victims in the sale of worthless stock. Hauppauge resident Keith Orlean - also known as “Jack Allen” - was sentenced to 32 months in prison after pleading guilty in Manhattan federal court. Orlean admitted to participating in a scheme targeting elderly persons to solicit purchases of stock using a series of valueless companies through a variety of lies and misrepresentations. For several years, Orlean and his co-conspirators operated a fraudulent scheme in which a salesm…

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by Zak Failla
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Ex-CEO From Long Island Admits Scheme To Defraud Victims In Sale Of Worthless Stock Ex-CEO From Long Island Admits Scheme To Defraud Victims In Sale Of Worthless Stock
Ex-ceo From Long Island Admits Scheme To Defraud Victims In Sale Of Worthless Stock A former CEO from Long Island admitted to his role in a scheme to defraud the elderly victims in the sale of worthless stock. Dix Hills resident Keith Orlean - also known as “Jack Allen” - pleaded guilty in district court to participating in a scheme to target elderly persons to solicit purchases of stock in a series of valueless companies through a variety of lies and misrepresentations. U.S. Attorney Geoffrey Berman said that for several years, Orlean and his co-conspirators operated a fraudulent scheme in which a salesman named “Mike Palmer” would call elderly people and offer them a “ti…

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by Zak Failla