A federal court in Omaha sentenced an Indian national to 81 months in prison and ordered him to pay $2.4 million in restitution after pleading guilty to charges including securities fraud and identity theft. As reported by the Omaha World-Herald, Jaisankar Marimuthu was accused of being part of an international "hack, pump and dump" securities fraud scheme.

28
04

2010
22:40

A federal court in Omaha sentenced an Indian national to 81 months in prison and ordered him to pay $2.4 million in restitution after pleading guilty to charges including securities fraud and identity theft. As reported by the Omaha World-Herald, Jaisankar Marimuthu was accused of being part of an international “hack, pump and dump” securities fraud scheme. — William Kresse, director of the Center for the Study of Fraud and Corruption at Saint Xavier University

Related Blogs

General

Write a comment!





Comment feed for this post

«

»