"FOR IMMEDIATE RELEASE Wednesday, December 6, 2017 Majority Shareholder of Sham Company Sentenced to Five Years’ Imprisonment for Defrauding Investors in Penny Stock Scheme
"Defendant Caused Press Releases to be Issued Containing False Information to Induce Investments
"Earlier today, at the federal courthouse in Brooklyn, George Trevor Porrata was sentenced to five years’ imprisonment for conspiring to commit securities fraud. The Court also ordered $1,046,385.50 in restitution to victims and $400,000 in forfeiture. According to court filings and facts presented during his guilty plea proceeding, Porrata led a scheme to induce people to invest in Halberd Corporation, a publicly traded corporation whose shares traded on the over-the-counter exchange under the ticker symbol HALB. The proceeding took place before United States Chief District Judge Dora L. Irizarry.
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