Securities Fraud Indictments Filed.A federal grand jury in L.A. indicted INDICTED, practice. When a man is accused by a bill of indictment preferred by a grand jury, he is said to be indicted. two men, accusing them of conspiracy to commit securities fraud by posting bogus e-mail messages to pump up investor interest in a thinly traded Thinly traded Infrequently traded. stock they owned. By using screen aliases to post e-mails on electronic bulletin boards, the men caused a run-up in the stock price of NEI NEI National Eye Institute (NIH) NEI Nuclear Energy Institute NEI National Emission Inventory NEI Not Enough Information NEI Netherlands East Indies NEI Nuevos Estados Independientes Webworld, a bankrupt firm, from 13 cents to more than $15 a share. the U.S. Attorney's Office said. Prosecutors said the men raked in about $362,625 in profit. Prosecutors said Arash Aziz-Golshani, 23. of Beverly Hills, and Hootan Melamed, 23, of Pomona hid their identities by posting messages from public computer terminals at a UCLA UCLA University of California at Los Angeles UCLA University Center for Learning Assistance (Illinois State University) UCLA University of Carrollton, TX and Lower Addison, TX library. Lawyers for both men denied the allegations. |
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