TITLE

Edwin Torres Receives 7½-Year Sentence for Fraud

AUTHOR(S)
Cohen, Jackie
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/29/2006, Vol. 356 Issue 32413, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the conviction of municipal bond seller Edwin Torres. He received a sentence of seven-and-a-half years in prison and three years of probation at a U.S. District Court hearing in Oakland. According to reports, Torres was pled guilty of nine counts of mail fraud and seven counts of wire fraud after bilking 30 investors out of more than $5 million of fake municipal bonds promising yields of up to 40%.
ACCESSION #
22510097

 

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