Replies to post #8706 on SEC Charges Eleven in Stock Manipulation Ring

[breezin_chs]

He will need to spend all he made to defend himself.

And more if convicted. You would have to look at his indictment to get the total count.

Each count of securities fraud, wire fraud, money laundering, and conspiracy to commit money laundering carries a maximum penalty of 20 years imprisonment, and fines ranging from $250,000 to $5 million. Each count of conspiracy to commit securities fraud carries a maximum penalty of five years imprisonment and a $250,000 fine. The maximum penalties for perjury and obstruction of justice are 5 and 10 years imprisonment, respectively, and a $250,000 fine per count.