The chief executive of lawyer referral company 1-800-Attorney Inc. has pleaded guilty to securities fraud and conspiracy charges in the Eastern District of New York.

Dan Rubin, also the CEO of Rubin Investment Group Inc., has agreed to forfeit $2 million and faces a maximum prison sentence of 25 years plus additional fines. He asked more than 20 employees of the 1-800 Attorney service in Lake Helen, Fla., to “cold call” hundreds of small-cap companies and induce them to sell large blocks of stock at a discount, according to the Eastern District U.S. Attorney. Rubin then sold the stock on the open market for a profit and drove down the prices of shares, prosecutors said. He often refused to pay the companies for the shares.

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