Have a Claim?

Click here for a confidential contact or call:


June 7, 2019

Posted  June 7, 2019

A New York cold-caller and executive at My Street Research has been sentenced to 2 years in prison and ordered to pay $86,168 for his role in a stock fraud scheme that cost investors $147 million over three years.  Along with 15 co-defendants, Emin Cohen lured elderly and vulnerable investors to a “pump and dump” scheme where the accused artificially inflated the prices and volumes of publicly traded companies that they controlled.  When the stock eventually plummeted, investors lost millions of dollars.  Ten of the co-defendants have since pleaded guilty and await sentencing, while the other five are scheduled to go on trial.  USAO EDNY

Tagged in: Financial and Investment Fraud,