|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0000 - 0.0000|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A Dallas-based trader was sentenced to 15 months in prison on Wednesday after pleading guilty to taking part in a scheme to pump up the stock price of LED lighting company ForceField Energy Inc, which U.S. prosecutors have said caused investor losses of $131 million. Herschel Knippa, 47, was sentenced by U.S. District Judge Brian Cogan in Brooklyn federal court, prosecutors announced. "Mr. Knippa accepts responsibility and looks forward to moving on from this unfortunate chapter in his otherwise unblemished life," Knippa's attorney, Alex Spiro, said in an email.
A New York investor relations professional was sentenced on Wednesday to three years in prison after pleading guilty to taking part in a scheme to inflate the stock of LED lighting company ForceField Energy Inc. Jared Mitchell, who was a partner at investment firm Mitchell & Sullivan Capital LLC when he was charged last year, was sentenced by U.S. District Judge Brian Cogan in Brooklyn, federal prosecutors said. Mitchell, 35, was among nine people charged in May 2016 with manipulating ForceField stock, which is now virtually worthless.
A trader who touted the stock of ForceField Energy Inc on television while being paid kickbacks to endorse the LED lighting provider pleaded guilty on Monday to a conspiracy charge, related to a fraud that cost investors $131 million, federal prosecutors said. Herschel Knippa, the owner and head trader at Kenai Capital Management LLC in Dallas, admitted to conspiring to commit securities fraud, in a hearing before U.S. Magistrate Judge Ramon Reyes in Brooklyn. Prosecutors accused Knippa, 46, of touting the now-essentially worthless ForceField stock on television without revealing his receipt of kickbacks.
A stock promoter admitted he joined a plot to dupe investors out of $131 million by touting stock in a worthless LED lighting distributor, lying to investors while appearing on a cable television business ...