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Ethics/Professional Responsibility

Dec. 13, 2014

California attorney sentenced to 17 years for 'pump and dump' scheme

A California attorney was sentenced Dec. 5 to 17 years in prison in the Southern District of Florida for facilitating a multi-million dollar "pump-and-dump" market manipulation scheme over the course of five years.


By Alexandra Schwappach


Daily Journal Staff Writer


A California attorney was sentenced this week to 17 years in prison in Florida for facilitating a multimillion dollar "pump-and-dump" market manipulation scheme over the course of five years.


Mitchell J. Stein, 53, of Hidden Hills, was convicted by a jury in May last year of conspiracy to commit mail and wire fraud, three counts of wire fraud, three counts of securities fraud, three...

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