Hahahaha that's funny! Ummmm let's see...was it Shaleish Shah who after the FBI concluded their investigation gave him a warming, fine and probation or the slimy king pin Sandip Shah orchestrated the whole thing and who got banned by the SEC?????
SANDIP SHAH - failed stock promoter turned scam artist
Respondent, age 41, is a resident of Chino, California. He was in the business of promoting penny stocks and assisting public companies in finding sources of funding. Respondent participated in offerings of the common stock of SOHM, Inc. (“SOHM”), Costas, Inc. (“Costas”), and a third company (“Company A”), each of which is a penny stock. During the relevant period from at least March 10, 2011 through at least May 12, 2011, Respondent was a consultant to Company A. On May 8, 2014, Respondent was indicted on nine counts of wire fraud in U.S. v. Shah, 14-CR-10135- NMG (D. Mass.). On May 15, 2015, a jury found him guilty of nine counts of wire fraud. On August 25, 2015, he was ordered to forfeit $40,000 and, on September 11, 2015, was sentenced to 27 months' imprisonment to be followed by 2 years' supervised release, and was ordered to pay a $9,000 fine.
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