|Florida Briefs for April 28, 2014|
|News - St Augustine Area & St Johns County|
Man gets prison in stock fraud
MIAMI — A South Florida man has been sentenced to more than nine years in federal prison for fraud involving bogus sales of Facebook stock.
Court records show that 48-year-old Allen Weintraub of Boynton Beach also must pay restitution to victims and forfeit more than $140,000. He was sentenced last week.
Weintraub pleaded guilty to mail fraud charges in February. Court records show that in 2012 Weintraub claimed to have purchased stock in Facebook from a private site that supposedly had thousands of shares to sell.
Read entire article: Florida Briefs for April 28, 2014