Lawyer Agrees to Plead Guilty in ‘Pump and Dump’ Case
A former partner at New York's Reitler Brown & Rosenblatt agreed to plead guilty to obstruction of justice for hiding what he knew about a "pump and dump" scheme involving an unnamed investment firm in Newport Beach, Calif. According to documents filed at D.C. federal court, Brown also helped an executive from the firm, as well as the CEO and a member of the board of directors of a Chinese company, fraudulently transfer more than $25 million through a series of shell companies into accounts they controlled.
