Lovettsville Man Pleads Guilty to $6.7 Million Stock Fraud
Gregory Vincent Cronin, 49, of Lovettsville, Va., pleaded guilty today to operating a scheme that defrauded more than $6.7 million from his clients who gave him their money to invest in blue chip stocks.
Neil H. MacBride, United States Attorney for the Eastern District of Virginia, and Daniel S. Cortez, Inspector-in-Charge of the Washington Division of the United States Postal Inspection Service, made the announcement after the plea was accepted by United States District Judge Liam O’Grady. Cronin pled guilty to one count of mail fraud and one count of securities fraud. Cronin faces a maximum penalty of 20 years in prison on the mail fraud count and 25 years in prison on the securities fraud count when he is sentenced on July 23, 2010…
Read full story via Loudoun Daily-Monitor.
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Posted by Resident
on May 7 2010. Filed under Loudoun County.
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