The Washington Post reported that a mob-connected stock swindler had been invited to one of the infamous White House coffee klatches.
The case of Jonathan Lebed, labeled a teenage stock swindler, illustrates the two most salient facts about stock market fraud today, law enforcement officials and securities lawyers say.
"A stock swindler," put in Jensen.
Over 40 years, Michael Burnett was a confidence man, stock swindler, international thief and a suspected murderer.
Wall Street has always had a dark side, and stock swindlers still represent a tiny fraction of the securities industry.
The stock swindler and the bank swindler were the same man.
A Federal appeals court threw out Mr. Mulheren's conviction for conspiring to manipulate stocks with Ivan F. Boesky, the convicted stock swindler.
A convicted stock swindler told a House committee today that "penny stocks" were routinely manipulated for the benefit of organized crime.
"He was probably the dean of Utah's stock swindlers," Nick Morgan, a former Salt Lake County detective, told The Deseret News last week.
With any luck at all, he still might get to huddle with his host--a multimillionaire stock swindler from Canada.