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Federal Case Categories
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A former stock broker was sentenced to prison today for his role in an extensive pump-and-dump stock manipulation scheme, announced Acting Assistant Attorney General Mythili Raman of the Justice Department's Criminal Division , U.S. Attorney Danny C. Williams Sr. of the Northern District of Oklahoma, Special Agent in Charge James E. Finch of the FBI's Oklahoma City Division and Internal Revenue Service-Criminal Investigation (IRS-CI) Chief Richard Weber.
Joshua Wayne Lankford, 39, of Dallas, was sentenced by U.S. District Judge James H. Payne in the Northern District of Oklahoma to serve 84 months in prison. In addition to his prison term, Lankford was ordered to forfeit $250,000. Proceeds from forfeited assets will be used to partially restitute victims.
On Dec. 10, 2012, Lankford pleaded guilty to one count of money laundering.
"Mr. Lankford and his co-conspirators took advantage of innocent investors to the tune of millions of dollars, pumping and dumping penny stocks without regard to anything but their wallets," said Acting Assistant Attorney General Raman. "As this case shows, stockbrokers and other professionals will be punished if they break the law. Lankford now faces substantial time in prison for his manipulation scheme."
"The U.S. Attorney's Office and the Department of Justice are committed to identifying and prosecuting criminals who defraud investors and steal their savings," said U.S. Attorney Williams. "Pump and dump schemes like these have a devastating financial impact on the victims and undermine public confidence in our nation's financial system."
According to court documents and evidence presented at the 2010 trial, Lankford and his co-defendants manipulated the stocks of three companies: Deep Rock Oil & Gas Inc. and Global Beverage Solutions Inc., formerly known as
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Taibu Grant appeals the District Court s denial of the habeas petition he filed under 28 U.S.C. 2254. We granted a certificate of appealability to allow Grant to appeal the District Court s rejection of his claim of prosecutorial misconduct without holding an evidentiary hearing and his claim...
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R determined a deficiency and a penalty for P s 2008 tax year. The primary issues are whether distributions from each of P s two qualified retirement plans are subject to the 10% additional tax on early distributions pursuant to I.R.C. sec. 72(t) and whether P is liable for the accuracy-related ...
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Ed and Lydia Heinbockel are a happy couple possessed by entrepreneurial spirit. In 2005-07 Ed worked full time running a successful training simulations company, while Lydia--a visibly fashionable and energetic woman--ran a personal-shopping business 24-7 . The Heinbockels claim that their inco...
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Motiva, LLC ( Motiva ) appeals the decision of the International Trade Commission ( Commission ) that Nintendo Co., Ltd. and Nintendo of America, Inc. (collectively Nintendo ) did not violate 337 of the Tariff Act of 1930 by importing, selling for importation, or selling certain vide...
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I. Introduction Defendant-Appellant Lloyds of London Syndicate 2003 ( Lloyds ) appeals the district court s denial of its summary judgment motion and subsequent grant of summary judgment in favor of Plaintiff-Appellee Brecek & Young Advisors, Inc. ( BYA ) in an action arising out o...
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We must decide whether police officers used excessive force in a struggle that led to the death of a person suspected of possessing illegal drugs. I A On September 25, 2009, at 2:00 AM in the morning, Officers Daron Wyatt and Matthew Ellis, members of the Anaheim Police Department, we...
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Ali Sina Karimi petitions this court for review of a Board of Immigration Appeals ("BIA") final order of removal. Karimi contends the BIA erred when it ruled that his Maryland second-degree assault conviction was for a "crime of violence" under 18 U.S.C. 16, and thus an "aggravated felony" under ...
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This is a second appeal from the denial of Defendant-Appellant Mois s Candelaria-Silva's ("Mois s") motion for reduction of sentence under 18 U.S.C. 3582 (c)(2) and the retroactively amended crack-cocaine guidelines. The first time around, the district court found defendant ineligible for a red...
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Appellant Jos Manuel Zavala-Mart ("Zavala") challenges the life sentence he received for his role in a large-scale drug operation that sold heroin, crack, cocaine, and marijuana at a public housing project in Yabucoa, Puerto Rico. The second of forty-seven defendants charged in a ten-count super...
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This is an appeal from a grant of summary judgment in favor of plaintiff PHL Variable Insurance Company ("PHL") in its equitable action for rescission of a life insurance policy and special damages incident to the rescission of that policy. See PHL Variable Ins. Co. v. P. Bowie 2008 Irrevocable Trus...
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