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Friday, 05/12/2017 6:51:15 AM

Friday, May 12, 2017 6:51:15 AM

Post# of 154889
Article in Boca paper
Call the FBI if you bought one of these stocks in Boca man’s scheme
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Charles Elmore
May 11, 2017 Uncategorized.
A Boca Raton man conspired to artificially inflate the price of securities at more than half a dozen companies, costing investors at least $3.5 million when they crashed, federal officials said — but not before he cashed out for about $1.2 million.


The investigation is described as “ongoing” and citizens with information that may be helpful, or who believe they may have been victimized, are being encouraged to contact the FBI at (203) 777-6311.

William Lieberman, 41, waived his right to be indicted and pleaded guilty before U.S. District Court judge Jeffrey A. Meyer in Connecticut to conspiracy and tax offenses, federal prosecutors said Wednesday.

It’s sometimes called “pump and dump.” In the bargain, Lieberman evaded $436,000 in federal taxes on his earnings, officials said.

The companies involved included Terra Energy Resources Ltd., Mammoth Energy Group Inc., Strategic Asset Leasing Inc., Trilliant Exploration Corp., Hermes Jets Inc., Continental Beverage Brands Corp., Dolat Ventures Inc. and Fox Petroleum Inc., officials said.