The ringleader of a $20 million phony stock-tip scam was sentenced to eight years in prison on Tuesday in the latest, and most severe, punishment to come out of what prosecutors called a classic “boiler-room” fraud. Kenneth Marsh, 44, pleaded guilty in April to one count of securities fraud. He was the owner and CEO of Gryphon Holdings, which operated as Gryphon Financial from 2005 to 2010, an investment-advisory services company based in a strip mall on Staten Island.

This entry was posted in Uncategorized. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared. Required fields are marked *


You may use these HTML tags and attributes <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Current day month ye@r *