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Former Long Island Broker Admits To Her Role In $147 Million Stock Manipulation Scheme Former Long Island Broker Admits To Her Role In $147 Million Stock Manipulation Scheme
Former Long Island Broker Admits To Her Role In $147 Million Stock Manipulation Scheme A former Long Island stockbroker has admitted to her role in a $147 minion stock manipulation scheme. Stephanie Lee, 48, a former broker who worked with Plainview-based Elite Stock Research and Melville-based My Street Research, pleaded guilty in Central Islip federal court to misleading investors into purchasing artificially inflated stock in publicly traded companies. Lee is one of 16 who were charged in July 2017 in connection to the scheme and fourth to plead guilty. U.S. Attorney Richard Donoghue said that she specifically pleaded guilty to: Conspiracy to securities fraud and securit…

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by Zak Failla
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Melville-Based Boiler Room Employees Sentenced For Their Roles In $147M Stock Scheme Melville-Based Boiler Room Employees Sentenced For Their Roles In $147M Stock Scheme
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…

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by Zak Failla
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Long Island Man Sentenced For Role In $147M Stock Manipulation Scheme Long Island Man Sentenced For Role In $147M Stock Manipulation Scheme
Long Island Man Sentenced For Role In $147M Stock Manipulation Scheme A Long Island man will spend time behind bars for his role in a near $150 million scheme to defraud area companies and elderly investors. Emin Cohen, 35, of Coram, a cold-caller and accountant executive at My Street Research in Melville, was sentenced to two years in prison and ordered to pay $86,168 in forfeiture after pleading guilty to conspiracy to commit securities fraud in connection with a multi-defendant, $147 million scheme to defraud investors in publicly traded companies.  Between January 2014 and July 2017, Cohen and 15 others participated in a “pump and dump” stock fraud s…

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by Zak Failla