Lawyer Indicted in Alleged Pump-and-dump Stock Scheme
Fri, Mar 13th, 2009
A Texas securities lawyer and former employee of the U.S. Securities and Exchange Commission has been indicted on charges related to a stock pump-and-dump scheme that used spam e-mail to pump up the stock prices of several companies.
Phillip Windom Offill Jr., of Dallas, was indicted Thursday in U.S. District Court in the Eastern District of Virginia and charged with one count of conspiracy to commit registration violations, securities fraud and nine counts of wire fraud, the U.S. Department of Justice said.
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