Advisory Firms' Owner Pleads Guilty
Court Alerts
[##_1L|1124683816.jpg|width="130" height="90" alt=""|_##]The owner of two Manhattan investment advisory firms pleaded guilty to criminal charges in connection with an alleged scam that bilked overseas investors out of more than $18 million, prosecutors said. The U.S. Attorney's office in Manhattan said Wednesday that Christoph Schultz-Reineke, 40 years old, pleaded guilty to one count of conspiracy, mail fraud and three counts of wire fraud. He is the owner of Results Securities Inc. and Signature Investments Inc.
Schultz-Reineke, a German citizen living in Manhattan, faces up to 85 years in prison on the charges. He is scheduled to be sentenced on Sept. 28.
"It was a tragic day for him," said Roland Riopelle, Schultz-Reineke's lawyer. "We look forward to completing the proceedings. He looks forward, at some point, to going home to Germany."
Prosecutors alleged that Schultz-Reineke and others engaged in a scheme to defraud clients of Results Securities and Signature Investments. Many of the investors were German, prosecutors said.
Schultz-Reineke and others would secretly pay significantly more than publicized in its fee schedule to individuals employed by the companies to induce clients to invest, the government said.
Prosecutors said Schultz-Reineke and others also caused to be created customer account statements and trade confirmations that falsely represented purchases and sales of securities, as well as profits and losses incurred on those trades.
Schultz-Reineke and others directed a substantial portion of the investors' money be used for purposes other than trading securities, including for the firms' operating expenses and for their personal use.
Related listings
-
Interior official sentenced to 10 months
Court Alerts 06/27/2007[##_1L|1135163629.jpg|width="130" height="92" alt=""|_##]The former second-ranking official at the U.S. Interior Department was sentenced to 10 months in prison for his role in the Jack Abramoff scandal. U.S. District Judge Ellen Huvelle rejected ple...
-
Two plead to selling counterfeit software on eBay
Court Alerts 06/26/2007[##_1L|1291891670.jpg|width="130" height="90" alt=""|_##]Two more defendants have pleaded guilty to charges of criminal copyright infringement for selling counterfeit software with a retail value of nearly $6 million on eBay Inc., the U.S. Department...
-
U.S. Marshal "Guilty" of Selling Information
Court Alerts 06/26/2007Jose Magallan, a Deputy assigned to the United States Marshal's McAllen office, has pleaded guilty to two counts of exceeding his authorized access to information on a U. S. Government computer and accepting money for the information, United St...
Illinois Work Injury Lawyers – Krol, Bongiorno & Given, LTD.
Accidents in the workplace are often caused by unsafe work conditions arising from ignoring safety rules, overlooking maintenance or other negligence of those in management. While we are one of the largest firms in Illinois dedicated solely to the representation of injured workers, we pride ourselves on the personal, one-on-one approach we deliver to each client.
Work accidents can cause serious injuries and sometimes permanent damage. Some extremely serious work injuries can permanently hinder a person’s ability to get around and continue their daily duties. Factors that affect one’s quality of life such as place of work, relationships with friends and family, and social standing can all be taken away quickly by a work injury. Although, you may not be able to recover all of your losses, you may be entitled to compensation as a result of your work injury. Krol, Bongiorno & Given, LTD. provides informed advocacy in all kinds of workers’ compensation claims, including:
• Injuries to the back and neck, including severe spinal cord injuries
• Serious head injuries
• Heart problems resulting from workplace activities
• Injuries to the knees, elbows, shoulders and other joints
• Injuries caused by repetitive movements
For Illinois Workers’ Compensation claims, you will ALWAYS cheat yourself if you do not hire an experienced attorney. When you hire Krol, Bongiorno & Given, Ltd, you will have someone to guide you through the process, and when it is time to settle, we will add value to your case IN EXCESS of our fee. In the last few years, employers and insurance carriers have sought to advance the argument that when you settle a case without an attorney, your already low settlement should be further reduced by 20% so that you do not get a “windfall.” Representing yourself in Illinois is a lose-lose proposition.