Lawyer to Admit Hiding Knowledge of Stock Scam
New York Law Journal
by Jordan Weissman
Federal prosecutors filed a plea agreement Wednesday with a New York-based businessman and lawyer charged with lying to federal investigators about his knowledge of a fraudulent stock sale.
Robert S. Brown agreed to plead guilty to obstruction of justice for hiding what he knew about a "pump and dump" scheme involving an unnamed investment firm in Newport Beach, Calif. According to documents filed at the U.S. District Court for the District of Columbia in United States v. Brown, 09-cr-00267, Mr. Brown also helped an executive from the firm, as well as the chief executive officer and a member of the board of directors of a Chinese company, fraudulently transfer more than $25 million through a series of shell companies into accounts they controlled.
According to a criminal information filed last month in the case, Mr. Brown's activities took place roughly between January and January while he was a name partner with New York's Reitler Brown & Rosenblatt, now Reitler Kalias & Rosenblatt...
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