Thursday, February 05, 2015 7:31:06 AM
"Federal prosecutors also accuse him of selling stock in a beverage company for more than $1 million, having not invested any money in the stock. But on his tax returns, Hochstedler reported only $206,997 in capital gains, according to court documents.
In a civil investigation related to those transactions, Hochstedler told the SEC he sold the stock in the beverage company for between $300,000 and $400,000, according to court documents.
According to court documents, Hochstedler under-reported his income in 2008 and 2009.
He filed a plea agreement Friday as well, promising to cooperate with federal investigators in exchange for a potential reduction in the severity of sentencing, according to court documents."
Life Is NO GOOD....If you're BW & Co!
- JSJ
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