Wednesday, February 11, 2009

5 Indicted In Oklahoma Stock Fraud Case

Authorities reported today that 5 individuals have been indicted on charges they defrauded investors by manipulating the stock price of 3 publicly traded companies to the tune of $41 million. The five include: G. David Gordon, 47, attorney from Tulsa; Richard Clark, 61, of Tulsa; James Reskin, 60, of Louisville, Kentucky; Dean Sheptycki, 41, of the Bahamas; and Joshua Wayne Lankford, 35, of Dallas, Texas. The companies in question include Deep Rock Oil & Gas, based in Tulsa; Global Beverage Solutions, formerly known as Peak Investments, also based in Tulsa; and National Storm Management Group, Inc., based in Glen Ellyn, Illinois. Specifically, the group has been indicted on charges including conspiracy to commit securities fraud, wire fraud and money laundering; nine counts of wire fraud, five counts of securities fraud and six counts of money laundering. Gordon was also charged with making a false statement. Prosecutors said that this case is related to that of Mark Byron Lindberg, 41, of Coppell, Texas, who plead guilty last year to felony counts of commit wire and securities fraud in connection with a scheme to inflate the stock price of a number of companies.

Read the story here.

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