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Bevan Cooney Sentenced To 30mos Prison For Fraudulent Issuance And Sale Of >$60M Of Tribal Bonds
"was part of a conspiracy that orchestrated a complex & corrupt scheme to defraud a Native American community and the clients of two asset management firms." justice.gov/usao-sdny/pr/b…
"was part of a conspiracy that orchestrated a complex & corrupt scheme to defraud a Native American community and the clients of two asset management firms." justice.gov/usao-sdny/pr/b…
"From March 2014 through April 2016, COONEY, John Galanis, Jason Galanis, Gary Hirst, Michelle Morton, Hugh Dunkerley, and others engaged in a fraudulent scheme that involved (a) causing the Wakpamni Lake Community Corporation (“WLCC”), a Native American tribal entity, to issue a
" series of bonds (the “Tribal Bonds”) through lies and misrepresentations; (b) deceptively causing clients of asset management firms controlled by Hirst, Morton, and others to purchase the Tribal Bonds, which the clients were then unable to redeem or sell because the bonds were
" illiquid and lacked a ready secondary market; and (c) misappropriating the proceeds resulting from those bond sales.""
Galanis:
Galanis:
Galanis:
there's a reason it's called Transnational Organized Crime.
