Followers | 313 |
Posts | 51318 |
Boards Moderated | 16 |
Alias Born | 08/19/2009 |
Friday, June 14, 2019 3:03:41 PM
A 67-year-old Schaumburg man pleaded guilty in federal court to manipulating the stock price of a Hoffman Estates-based nutrition company he used to run.
Andrew J. Kandalepas entered his guilty plea to securities fraud Tuesday. He is slated for sentencing in September and faces up to 20 years in prison.
Kandalepas netted more than $136,000 from the scheme he began in December 2012, prosecutors said.
According to court records, Kandalepas would sell shares in Wellness Center USA Inc. near the close of trading and then quickly buy them back under shell accounts, which artificially inflated the value of the company's stock.
The U.S. Securities and Exchange Commission assisted federal prosecutors in the investigation.
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM