By Cleveland Reporter |
Oct 1, 2024
A jury has convicted two men for conspiring to inflate the prices of a low-value stock sold to investors. After a trial lasting over four weeks, Paul Spivak, 65, of Willoughby Hills, Ohio, and Charles Scott, 70, of Alexandria, Virginia, were found guilty of conspiracy to commit securities fraud. Spivak was also found guilty on two counts of wire fraud in the first stage of the trial and pled guilty to additional charges. Scott was found guilty in the second stage.
