An attorney has been convicted by a Denver jury in connection with a mail fraud, securities fraud, wire fraud, conspiracy and money laundering case worth $12.2mn.
As per a press release, a US District Court convicted attorney Guy M. Jean-Pierre on Wednesday of twenty eight counts after a twelve day trial period. Jean-Pierre will be sentenced on 10 July, before Judge William J. Martinez.
Jean-Pierre along with two other conspirators named Scott M Dittman and William J Sears began a business called ‘FusionPharm.’ The company refurbished steel shipping containers that were later sold to cannabis cultivators in Colorado as well as other states as cannabis growing pods, said the prosecutors.
The prosecutors have charged Jean-Pierre for preparing and filing false documents which granted FushionPharm the permission to market stock by defrauding Securities and Exchange Commission. He is also charged for concealing the fact that his partner Sears, who was previously convicted for felony securities, controlled the sale of restricted goods to entities by violating securities rules.
Dittman and Sears pleaded guilty in the year 2016 and in 2017 to violate federal securities laws. Besides this, Sears pleaded guilty to lodging incorrect tax returns as well.
The case was probed by the IRS, FBI as well as Postal Inspection Service.
