He had applied for parole during his stock fraud trial, arguing that his poor physical condition made prison cruel and unusual punishment, but his parole request was denied.
We believe that the spectre of multimillion-dollar lawsuits, years of litigation and reputational damage to culpable defendants have helped deter stock fraud.
It typically refers to a room where salesmen work using unfair, dishonest sales tactics, sometimes selling penny stocks, private placements or committing outright stock fraud.