fung_derf Monday, 08/15/16 03:50:18 PM Re: None Post # of 534 CMKM defendant Turino to plead guilty by Mike Caswell Jeffrey Turino, one of two people in jail awaiting trial in Nevada for the CMKM Diamonds Inc. fraud, has reached an agreement in which he will plead guilty. The government claims that Mr. Turino was one of the sellers of CMKM during the $60-million scheme to tout the company in 2004. (All figures are in U.S. dollars.) He routed billions of shares through associates and nominees in Florida, according to prosecutors. Mr. Turino's plea agreement is not yet finalized, but the judge has scheduled him to enter a guilty plea at a hearing on Aug. 22, 2016. As part of the agreement, prosecutors are expected to recommend a sentence of six years. Mr. Turino has already been in custody since September, 2010, which means that he will very likely go free after his sentencing. His plea comes as the trial, which was to begin this week, has been delayed again. Of the 10 originally charged for the fraud, there are five remaining defendants (and assuming Mr. Turino pleads guilty, there will be just four). Among them is one of the scheme's masterminds, U.K. citizen John Edwards. Part of the reason for the delay is that Mr. Edwards is undergoing yet another psychiatric evaluation to determine his fitness for trial. More....... www.stockwatch.com Just my opinion, of course.