The Orange County branch of the U.S. Department of Justice this month filed a criminal conspiracy charge against a Southern California businessman accused of illegally manipulating stock prices for four months in 2011.
Assistant United States Attorney Jennifer L. Waier claims in her filing that she can prove Michael Young “and his co-conspirators would willfully use a device or scheme to defraud purchasers or potential purchasers of the stock of the companies they identified by making or causing to be made materially false statements and failing to disclose material facts” in order to “artificially” inflate stock prices.
No alleged co-conspirators have been named in the government's case.
]
Included in Waier's evidence, however, is her assertion that in April 2011, Young “traded 2,500 shares of SYVN at a fraudulently inflated price of $0.79 per share,” according to court records.
Waier also claims she has already negotiated a guilty plea agreement with Young, who was born in 1981, but the prosecutor has not made the document public.
Waier did not include any other additional identifying information about the defendant in her reports.
The case is so new that it has not yet been assigned to a federal judge inside the Ronald Reagan Federal Courthouse in Santa Ana.
Follow OC Weekly on Twitter @ocweekly or on Facebook!
Email: rs**********@oc******.com. Twitter: @RScottMoxley.
CNN-featured investigative reporter R. Scott Moxley has won Journalist of the Year honors at the Los Angeles Press Club; been named Distinguished Journalist of the Year by the LA Society of Professional Journalists; obtained one of the last exclusive prison interviews with Charles Manson disciple Susan Atkins; won inclusion in Jeffrey Toobin’s The Best American Crime Reporting for his coverage of a white supremacist’s senseless murder of a beloved Vietnamese refugee; launched multi-year probes that resulted in the FBI arrests and convictions of the top three ranking members of the Orange County Sheriff’s Department; and gained praise from New York Times Magazine writers for his “herculean job” exposing entrenched Southern California law enforcement corruption.
CBD exceeded my expectations in every way thanks https://www.cornbreadhemp.com/products/cbd-sleep-gummies . I’ve struggled with insomnia for years, and after infuriating CBD in the course of the first once upon a time, I at the last moment experienced a busty night of pacific sleep. It was like a bias had been lifted misled my shoulders. The calming effects were calm despite it scholarly, allowing me to roam slow naturally without sensibilities groggy the next morning. I also noticed a reduction in my daytime angst, which was an unexpected but acceptable bonus. The taste was a minute earthy, but nothing intolerable. Blanket, CBD has been a game-changer for my siesta and anxiety issues, and I’m grateful to have discovered its benefits.