Strategic Asset Leasing Inc (LEAS)

[pennytradingnet]

Boca Raton resident William Lieberman pleaded guilty on May 10 to fraud and tax evasion charges in connection with what prosecutors called a stock “pump and dump” scheme.
The 41-year-old was indicted in the U.S. District Court of Connecticut for allegedly causing $3.5 million in investor losses by issuing false and misleading press releases about penny-stock companies. From 2011 to 2015, Lieberman earned nearly $1.2 million by selling his stock at artificially-boosted prices and failed to report this income to the IRS, evading $436,235 in income taxes, according to prosecutors.
Lieberman pleaded guilty to conspiracy to commit mail and wire fraud and tax evasion. Those charges carry maximum prison sentences of 20 and five years, respectively.The U.S. Attorney's Office said he would also be ordered to repay investors and back taxes to the IRS.
According to prosecutors, Lieberman held CEO and other executive positions with penny stock companies Mammoth Energy Group, Strategic Asset Leasing, Fox Petroleum and Trilliant Exploration Corp. Lieberman issued false and misleading statements about the financial health and prospects of these companies, in addition to Terra Energy Resources, Hermes Jets/Continental Beverage Brands Corp., and Dolat Ventures, according to prosecutors.
The U.S. Attorney’s Office also accused Connecticut attorney Corey Brinson of signing false and misleading opinion letters that were designed to assure prospective investors that the corporate records and filings of the public companies Lieberman was touting were adequate. Brinson pleaded guilty in January to engaging in a "monetary transaction in property derived from specified unlawful activity." In April, Brison was sentenced to 36 months in prison.
https://www.bizjournals.com/southflorida/news/2017/05/11/south-florida-man-pleads-guilty-to-tax-violations.html
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