[FONT=CourierNew,Bold]
http://www.usdoj.gov/usao/nys/pressreleases/October07/Ware Sentencing PR.pdf
A lawyer himself. I wonder how he got caught.
[/FONT]
ATLANTA SECURITIES ATTORNEY SENTENCED TO 8 YEARS
AND ONE MONTH IN PRISON FOR “PUMP AND DUMP”
PENNY STOCK SCHEMEAND ONE MONTH IN PRISON FOR “PUMP AND DUMP”
http://www.usdoj.gov/usao/nys/pressreleases/October07/Ware Sentencing PR.pdf
MICHAEL J. GARCIA, the United States Attorney for the
Southern District of New York, announced that securities attorney
ULYSSES THOMAS WARE, a/k/a "Thomas Ware," was sentenced today to
97 months in prison on securities fraud and conspiracy charges
arising from a scheme to defraud investors in two penny stocks.
WARE was convicted of the charges on April 30, 2007, following a
two-week jury trial. According to the evidence at trial:
WARE and his co-conspirators, through WARE's law firm
-- Rosenfeld, Goldman & Ware, Inc. -- engaged in a scheme to
artificially inflate the market price of and market demand for
two penny stocks, Service Systems International, Ltd. (ticker
symbol SVSY) and Investment Technology Inc. (ticker symbol INZS),
from December 2001 through April 2002. Specifically, in order to
fraudulently induce investors to purchase SVSY and INZS stock,
WARE caused the dissemination throughout the United States of
false and misleading press releases that: (a) provided fraudulent
information concerning the business and plans of SVSY and INZS;
(b) gave baseless stock price predictions; (c) failed to disclose
the compensation WARE was receiving for promoting the stocks; and
(d) contained misrepresentations and omissions concerning the
entities issuing the press releases.
After artificially pumping up the price and volume of
the Service Systems and Investment Technology stocks through use
of these fraudulent press releases, WARE then sold the stock at a
substantial profit from January 2002 through April 2002. WARE
netted over $225,000 over the course of just four months through
his scheme.Southern District of New York, announced that securities attorney
ULYSSES THOMAS WARE, a/k/a "Thomas Ware," was sentenced today to
97 months in prison on securities fraud and conspiracy charges
arising from a scheme to defraud investors in two penny stocks.
WARE was convicted of the charges on April 30, 2007, following a
two-week jury trial. According to the evidence at trial:
WARE and his co-conspirators, through WARE's law firm
-- Rosenfeld, Goldman & Ware, Inc. -- engaged in a scheme to
artificially inflate the market price of and market demand for
two penny stocks, Service Systems International, Ltd. (ticker
symbol SVSY) and Investment Technology Inc. (ticker symbol INZS),
from December 2001 through April 2002. Specifically, in order to
fraudulently induce investors to purchase SVSY and INZS stock,
WARE caused the dissemination throughout the United States of
false and misleading press releases that: (a) provided fraudulent
information concerning the business and plans of SVSY and INZS;
(b) gave baseless stock price predictions; (c) failed to disclose
the compensation WARE was receiving for promoting the stocks; and
(d) contained misrepresentations and omissions concerning the
entities issuing the press releases.
After artificially pumping up the price and volume of
the Service Systems and Investment Technology stocks through use
of these fraudulent press releases, WARE then sold the stock at a
substantial profit from January 2002 through April 2002. WARE
netted over $225,000 over the course of just four months through
A lawyer himself. I wonder how he got caught.
[/FONT]
