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Acting Mass. U.S. Attorney: Former Stockbroker Pleads Guilty to Penny-Stock Securities Fraud Scheme
August 30, 2023
BOSTON, Massachusetts, Aug. 30 -- The Acting U.S. Attorney for the District of Massachusetts, Joshua S. Levy, issued the following news release:

A California man has pleaded guilty in federal court in Boston to his involvement as the principal stock trader in a sophisticated securities fraud scheme that generated tens of millions of dollars in illicit profits.

Joseph A. Padilla, 54, of Carlsbad, Calif. and Cabo San Lucas, Mexico, pleaded guilty on Aug. 17, 2023 to one c . . .

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