Tuesday, August 1, 2006
The Wall Street Jrl reports here on the "not guilty" verdict of a former specialist at Van der Moolen Specialists USA LLC. This case demonstrates the risk in going to trial. If the jury had found him guilty, he could have faced 20 years in prison. The merit of the government's case is best expressed in the fact that the jury only deliberated, according to the Wall Street Jrl, 45 minutes.
Two others who were also recently tried were not as fortunate. The government received a split verdict against two individuals, with a conviction of securities fraud, approximately two weeks ago. (see here).