A former enforcement attorney for the SEC was sentenced Friday to eight years in prison for his role in multimillion-dollar pump-and-dump stock fraud schemes. Convicted by a jury earlier this year, Phillip Offill Jr. testified that he was acting within the law, but the jury rejected his defense -- and so did U.S. District Judge Liam O'Grady, who told Offill at the sentencing hearing, "Your testimony ... was an affront to justice. It was one of the biggest packs of lies I've ever heard."
April 26, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A former enforcement attorney for the Securities and Exchange Commission was sentenced Friday to eight years in prison for his role in a series of multimillion dollar pump-and-dump stock fraud schemes.
Dallas-based attorney Phillip Offill Jr., 51, was convicted by a jury earlier this year on 10 counts of wire fraud and conspiracy. He testified that he was acting within the law, but the jury rejected his defense, and so too did U.S. District Judge Liam O’Grady.
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