Last week John Geringer and Christopher Luck of GLR Growth Fund pleaded guilty to securities fraud.
You may remember a few years back that they were accused of running a USD 60 million Ponzi scheme [1].
Both recently changed their plea (Geringer changed his plea June 4. Luck followed suit on Monday). The Santa Cruz Sentinel reports [2] that Geringer’s sentencing is set for October 20, with Luck’s sentencing November 24 in San Jose.
Both face up to 60 years in prison and a USD 5.5 million fine.
Both were members of MediaTile’s board of directors [3] before it was sold to Corum Digital Corporation in August 2012 [4].
1 Comment To "Guilty as Charged, Your Honor"
#1 Comment By Judge and Jury On 31 July 2014 @ 05:33 @273
It seems you have strayed from industry coverage to sensationalism lately. It must be a slow news month, Adrian?