Posted on 09/04/2019 4:08:02 PM PDT by Coronal
Jacob Wohl, a conservative activist who once attempted to smear special counsel Robert Mueller with false sexual assault allegations, was charged in California for the illegal sale of securities.
Wohl allegedly tried to sell unqualified securities in July and August of 2016, according to a criminal complaint filed against him on August 19. The disgraced hedge fund manager turned pro-Trump conspiracy theorist was charged along with his former business partner, Matthew Johnson.
The Daily Beast, which first broke the story, reported the allegation stems from securities sold for one of Wohl’s financial companies, Montgomery Assets. Prosecutors had to file by the end of last month if they wanted to pursue charges due to a three-year statute of limitations, according to The Daily Beast.
A judge issued warrants for both men on August 19, but Wohl has not yet been arrested, according to the Riverside County District Attorney's Office.
(Excerpt) Read more at nbcnews.com ...
The selling of unregistered securities, while indeed a crime, has been used as a technicality type infraction. In other words, sometimes a criminal will do it, and sometimes an honest operator may do so unwittingly or carelessly.
FWIW. Don’t know this guy or which he is.
No dems ever charged for anything... conservative...oh, here we go with another Dinesh D’Souza type charge.
Never heard of him and how is he a “conservative activist”?
Oh. He’s also a “pro-Trump conspiracy theorist”.
Wow. NBC doesn’t miss a thing. Objective and non biased as the day is long.
If ‘unqualified’ securities are being sold, they need to charge the buyer and not the seller. The buyer knows what he is buying.
https://www.investopedia.com/terms/u/unregistered-shares.asp
Unregistered shares have fewer investor protections and different risks compared to registered securities. As a result, companies can only sell unregistered shares to “qualified investors.”
Qualified investors consist of high-net-worth ($1 million or more) and/or high-income ($200,000 per year or more for individuals; $300,000 per year or more for married couples) investors that the SEC considers savvy enough to make such investments.
In the past, soliciting or advertising unregistered shares was prohibited, but in 2013, the SEC adopted Rule 506(c) as part of the Jumpstart Our Business Startups (JOBS) Act, allowing certain unregistered securities to be solicited and advertised.
The sale of unregistered shares is typically considered a felony, but there are exceptions to this rule.
SEC Rule 144 lays out the conditions under which unregistered shares may be sold:
They must be held for a prescribed period.
There must be adequate public information about the security’s historical performance.
The sale must be of less than one percent of shares outstanding and less than one percent of the previous four weeks’ average trading volume.
All normal trading conditions that apply to any trade must be met.
Sales of more than 500 shares or more than $10,000 worth must be preregistered with the SEC. An exception to this condition occurs if the seller is not associated with the company that issued the unregistered shares (and has not been associated with it for at least three months) and has owned the shares for more than one year.
Stalin was great at banning history
https://www.youtube.com/channel/UCBw4kFsnixcIm3mef2cvfjg/videos
Seems like a fast investigation. Somebody files a criminal complaint against Wohl on August 19th and two weeks later he's charged.
Under the California Securities Act, either party can be charged.
https://www.upcounsel.com/california-securities-act
Yes, but what are “unqualified” securities? Are those securities that been registered then later found they where not qualified to be registered?
After the Trump coup I automatically take the side of the accused.
I have heard if this Wohl guy.
Very young, 21 years old.
Seems like a grifter.
Symbiotic parasite.
Future David Brock if anything.
Nothing to do with Trump or conservatism which is why NBC falsely hypes him as such.
Jacob Wohl is already. He has capitalized on his Trump Supporter activism, but mostly it has been to promote himself. Dad’s a lawyer. Mom had a fake intelligence agency...Surefire.
He drummed up fake rape allegations against Robert Mueller.
On the same day Obama’s fixer Greg Craig was found innocent of failing to register as a foreign agent by a DC jury - for conservatives accountability, for lefties exoneration......
$10 he gets the death penalty ...unless he changes party affiliation, then he’ll walk Scott free!
No, he won’t. Likeliest scenario is a suspended sentence and a 5 or 6 figure fine.
Same here. Never heard of him and probably never will again.
>>>Oh. He’s also a “pro-Trump conspiracy theorist”.<<<
Guaranteed California jury verdict of very guilty.
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