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Keyword: larryvindman

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  • Marx Toys' executives accused of stock fraud (two yo-yos bribed brokers to pump stock)

    09/06/2003 8:37:11 AM PDT · by Liz · 4 replies · 147+ views
    Bloomberg News Service | 9/06/03 | MICHAEL L. DIAMOND, BUSINESS WRITER
    Two New Jersey men were arrested yesterday and charged with conspiring to manipulate the stock price of Marx Toys & Entertainment Corp., a toy company made famous in the 1920s for introducing the yo-yo. Steven Wise, the chief executive officer of Marx Toys, and Larry Vindman, a stock promoter, were charged with fraudulently inflating the company's stock price by $6 million. The two were charged in U.S. District Court in Brooklyn and released on bail. If convicted, Wise, 43, of Manalapan, and Vindman, 32, of Marlboro, could be sentenced to 25 years in prison and fined $250,000 or twice the...