July 10, 2018

Posted July 17, 2018

Colorado man Frank Morelli was sentenced to seven years in prison for his role in a seven-person scheme to defraud the SEC and investors. With his co-conspirators, Morelli had manipulated the stock price of a company they controlled through false press releases, organized insider trading, and bribery. The fraud had generated several million dollars in profits before it was stopped. USAO EDPA