You should review the charges and indictment of Anthony Elgindy. He was NOT charged nor convicted for his pump & dump activities. Here's the summary:
Elgindy pleaded guilty to the mail fraud charge in February, after he was charged in a nine-count insurance fraud indictment. (TSC wrote about his plea in February.)
The indictment had alleged that Elgindy received compensation from securities firms while he was also fraudulently receiving disability benefits from an insurance company. The mail fraud charge stemmed from the method of delivery for the disability checks.
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