April 30, 2021
Five Charged in Offering Fraud, Stock Manipulation, Ranging from Oil to Pot
Prosecutors say the defendants unwittingly conspired with an undercover agent who was posting as a corrupt stock promoter.
Five people have been charged in federal court for their involvement in two securities fraud schemes. According to prosecutors, the schemes involved an offering fraud of a Texas-based oil and gas company and the attempted manipulation of a cannabis company’s publicly traded stock.
An indictment was filed in the Eastern District of New York against Richard Dale Sterritt Jr., Michael Greer, Robert Magness, Mark Ross, and Robyn Straza charging them with conspiracy to commit securities fraud, wire fraud, and money laundering, among other offenses.
Five Charged in Offering Fraud, Stock Manipulation, Money Laundering
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7 charged by SEC and Justice Department in Dallas energy company fraud
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Recidivist Going By Richard Richman Charged With Fraud
Law360 (April 14, 2021, 11:03 PM EDT) Brooklyn federal prosecutors unsealed an indictment on Wednesday accusing a convicted securities fraudster going by Richard Richman of masterminding a pair of schemes to defraud investors in a purported energy company and a purported cannabis company.
The indictment claims Richard Dale Sterritt Jr., along with Michael Greer, Robert Magness, Mark Ross and Robyn Straza, committed fraud and money laundering via schemes to misappropriate $10 million of investor funds from Zona Energy Inc., an oil and gas exploration company controlled by Sterritt, and to manipulate the stock of a Sterritt-controlled public issuer supposedly in the cannabis business.