Huntington Beach Businessman Nailed For Illegal Stock Manipulation

Categories: Court, Crime-iny

toddtaylor.jpg
Feds catch one more white collar OC crook
A Huntington Beach businessman is facing a maximum prison term of five years after pleading guilty this month to a federal prosecutor's charge that he conspired to dupe investors purchasing stock.

Todd Taylor, who worked at JAW & Associates, illegally manipulated stock activity in 2011 and 2012, and then advised an investor to purchase 45,000 shares in a company, according to a U.S. Department of Justice report.

Taylor, who didn't advise his victim of the commission he'd receive in the scam, knew the shares were essentially worthless.

He signed a guilty plea in hope for eventual leniency at his sentencing inside Orange County's Ronald Reagan Federal Courthouse.

According to DOJ, Taylor--who was born in 1966 and is free from custody--caused $167,974 in victim losses.

In the government's case, officials mention two "co-conspirators," but only identify them with initials: J.W. and J.P.

A sentencing date has not yet been scheduled.

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Email: rscottmoxley@ocweekly.com. Twitter: @RScottMoxley.


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1 comments
FishWithoutBicycle
FishWithoutBicycle

How is a bookie worse than a crooked stock broker? If I bet money on a sporting event and lose that bet it's my fault, no question...but if I trust a stock broker to invest my money wisely and they purposely sell me bogus shares isn't that much worse?

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