Date: November 9, 2023 Contact: newsroom@ci.irs.gov LOS ANGELES — A former Malibu resident was sentenced today to 188 months in federal prison for defrauding several individuals out of more than $3 million with bogus claims that he had access to stock shares of Alibaba prior to its initial public offering.
Home » Former Malibu Resident sentenced to more than 15 years in prison for conning investors with bogus promises of discounted Alibaba IPO shares
Former Malibu Resident sentenced to more than 15 years in prison for conning investors with bogus promises of discounted Alibaba IPO shares
Related Posts
California CEO sentenced for role in Covid-19 relief fraud resulting in millions of stolen funds
August 7, 2025 — A California man was sentenced today to 46 months in prison and ordered to pay $6,993,700 in restitution and $535,041 in… BronCalifornia CEO sentenced for role in Covid-19 relief fraud resulting in millions of stolen funds
Waterbury armed drug trafficker sentenced to 5 years in federal prison
August 11, 2025 — David X. Sullivan, United States Attorney for the District of Connecticut, announced that Robert Harrison, also known as “Firm” and “Lox”… BronWaterbury armed drug trafficker sentenced to 5 years in federal prison
First two members of violent drug trafficking organization sentenced to prison
August 11, 2025 — Two Seattle area men who were significant members of a violent drug trafficking organization were each sentenced to six years in… BronFirst two members of violent drug trafficking organization sentenced to prison