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Melville-Based Boiler Room Employees Sentenced For Their Roles In $147M Stock Scheme
Employees at a Long Island-based boiler room have been sentenced to time behind bars for their roles in a $147 million stock manipulation scheme.
Ronald Hardy, 42, of Port Jefferson, a manager at Power Traders Press, My Street Research and other companies located in Melville, and Dennis Verderosa, 67, of Coram, a cold-caller and account executive at the boiler room, were sentenced to 10 and six years in prison, respectively, for their roles in the scheme.
Hardy was also ordered to forfeit the contents of a bank account and two properties he owned in Florida, and Verderosa was ordered to pay…
