U.S. v. Dino Paolucci

Docket Number:16-CR-00503

Brief description of the case:

The Superseding Indictment charges defendant Dino Paolucci with 20 counts of wire fraud in violation of 18 U.S.C. § 1343, and six counts of securities fraud in violation of 15 U.S.C. § 78j(b), 78ff and 17 C.F.R. 240.10b-5 and aiding and abetting in violation of 18 U.S.C. § 2, for his participation in stock manipulations between 2009 and 2015.  According to the indictment, the defendant participated in a scheme with others to inflate the volume of trading in, and/or the price of, multiple stocks and to hinder the Securities and Exchange Commission from detecting the manipulations or taking regulatory action.  These types of schemes are commonly known as “pump and dumps.”  The stocks in which the defendant is alleged to have participated in the manipulations include, but are not limited to, the following:

The defendant, Dino Paolucci, pled guilty on September 6, 2019.  On December 10, 2019, the defendant was sentenced to 84 months imprisonment and a $400 special assessment.