The FBI press release states that the second indictment discusses a stock manipulation ring masterminded by Possino and Nix, both of whom are named in the first indictment. This indictment also describes a scheme to manipulate the stock prices of?SENZ,?FROG?and?EMPM. In addition to Possino, Nix, Moyal, Harris and Davis, all of whom were also named in the first indictment, others named in the second indictment are Tarun Mendiratta, 42, of Weston, Conn.; Ivano Angelastri, 49, of Switzerland; disbarred attorney Joseph Scarpello, 52, of Tustin, California;?FROG?CEO Julian Spitari, 47, of Encino, California;?EMPM?CEO Peter Dunn, 72, of Los Angeles; and, William Mackey, 61, of Plantation, Florida. The second indictment alleges that members of the conspiracy made at least $18 million in illegal proceeds from selling their shares of manipulated companies. This figure includes at least $1 million in profits from?SENZ, at least $6.8 million from?FROG, and at least $1 million in profits from?EMPM. The defendants named in this indictment are charged with conspiracy to commit securities fraud and wire fraud. Possino, Nix, Mendiratta, Angelastri, Harris, Moyal, Scarpello, and Spitari are also charged with money laundering related to funds transferred from offshore accounts.?
