Thursday, August 4, 2005

NY Stockbroker pleads

Big spending, a lavish home, and defrauding high profile victims is a sure recipe for being indicted.  And when the evidence is the kind that will not play well to a jury, especially in New York, it is not surprising to see a plea being entered.

AP reports here of a plea being entered by a New York stockbroker who had a lot cards stacked against him.  When initially indicted, back in December of 2004, the Manhattan DA's office press release stated that stock broker Calvin R. Darden, Jr. was being indicted "for  stealing $4.177 million dollars from three Wall Street firms and an investor."  Sentencing is set for the beginning of November.


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