Lawyer pleads guilty to stock fraud |
|
|
|
Published
:
Wed, 07 Feb 2007 19:21
|
CAMDEN, N.J. (AFX) - A Denver lawyer pleaded guilty in federal court to his role in two stock fraud and money laundering schemes, one of which cost public investors more than $15 million, according to U.S. Attorney Christopher J. Christie.Peter G. Futro, 53, of Denver, pleaded guilty on Tuesday to two counts of conspiracy to commit securities and wire fraud, and two counts of conspiracy to commit money laundering.Futro is a securities attorney who was a name partner in a Denver law firm. He served as corporate counsel for TeleServices Internet Group Inc., or TSIG.At his plea hearing, Futro admitted his involvement in securities and wire fraud schemes involving the stocks of now-defunct TSIG, as well as U.S. Medical Systems Corp., now headquartered in Hasbrouck Heights.A trial is scheduled to begin in March for three others accused of involvement in the scheme:--Robert P. Gordon, 56, of St. Petersburg, Fla., who was a major shareholder of TSIG and the company's chief executive, chief financial officer, and chairman.--Bernard Deutsch, 72, of Brooklyn, N.Y., who purportedly performed capital raising and promotion activities for TSIG.--Robert Pozner, 62, of Ridgewood Park, a former employee at securities brokerage firms.Two others -- Joseph F. Morgan, 60, of St. Pete Beach, Fla., and Thomas S. King, 48, of Cherry Hill -- have pleaded guilty to charges and are awaiting sentencing.As part of his guilty plea, Futro agreed to forfeit at least $6.8 million in U.S. currency.Futro's sentencing is scheduled in June.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
|
|
|
|
Print this Story
Russian prosecutors present new charges against Khodorkovsky UPDATE 