Good Morning, Brooklyn: Tuesday, August 2, 2022
“BOILER ROOM” OPERATOR PLEADS GUILTY: United States District Judge Kiyo A. Matsumoto (Brooklyn federal court) yesterday presided over the guilty plea of Lee Cohen, a citizen of the United Kingdom, to conspiracy to commit securities fraud for his role in a scheme to manipulate the price and trading volume of HD View, 360, Inc. (HDVW), a publicly traded company that purported to distribute and install security surveillance systems. In connection with his plea, Cohen also admitted that he agreed to launder money that was said to be the proceeds of similar securities fraud schemes.
When sentenced, Cohen faces up to five years in prison.
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