SEC Charges Eleven in Stock Manipulation Ring

[jurisper]

See this http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63677496 for my reading.

His plea agreement didn't cap his liability at all, and made him liable for everything connected to the crime that was ever under his control, directly or indirectly. It also removed any opportunity for him to object.

That he didn't manage to get agt with the feds to restrict liability to his personal gains probably shows IMO that he had poor attorneys and/or that the feds don't like him because he didn't sing well enough.

But it's all just speculation without further info - eg unsealing of the senetencing memos, or maybe the feds' response to his reconsideration motion if that goes into the substance.