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Securities

Nov. 26, 2016

Founder of litigation marketing firm Prometheus Law pleads guilty to multi-million dollar fraud

The founder of the defunct litigation marketing company Prometheus Law pleaded guilty on Tuesday to using the firm to conduct a multi-million dollar securities fraud.

By L.J. Williamson
Daily Journal Staff Writer

The founder of the defunct litigation marketing company Prometheus Law pleaded guilty on Tuesday to using the firm to conduct a multi-million dollar securities fraud.

Federal prosecutors claimed that Aldrich and his partner James Catipay promised investors that their funds would be used to recruit plaintiffs who qualified for portions of already decided class-action ve...

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