OmniView Capital CEO Charged in Stock Manipulation Case

July 18, 2014, 4:00 AM UTC

The chief executive officer of an investment firm was charged by federal prosecutors with running a scheme to manipulate stock of companies, including a startup advised by former New York Governor David A. Paterson (United States v. Discala).

Abraxas J. Discala, CEO of OmniView Capital Advisors, and six other individuals were charged in an indictment unsealed in the U.S. District Court for the Eastern District of New York.

The other defendants include Victor Azrak, Matthew Bell, Kyleen Cane, Craig Josephsberg, Ira Shapiro, and Marc Wexler.

The defendants allegedly participated in a scheme to profit by artificially inflating the ...

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