All Posts Tagged Tag: ‘securities fraud’

Biotech King Dethroned: Blech Gets 4 Year Sentence

On 18 September, the man formerly hailed as biotechnology’s king, will start a four-year prison term. David Blech, 57, will serve out his federal sentence in Fort Dix, NJ, (pictured here) after having pled guilty to securities fraud. Blech will appeal the sentence but he will have to do so from prison. Blech was also ordered to forfeit $1.34 million …

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Russian National Arrested for Hacking Brokerage Accounts

In another instance of cyber fraud relating to Russia, a Russian national has just been charged in the U.S. for gaining illegal access brokerage accounts, and secretly making odd trades, to the benefit of the criminal ring he was working with. Since he was going after Americans, New Yorker Petr Murmylyuk, 31, likely would’ve had an easier time eluding authorities …

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