DailyDOOH

Adrian J Cotterill, Editor-in-Chief

Last week John Geringer and Christopher Luck of GLR Growth Fund pleaded guilty to securities fraud.

You may remember a few years back that they were accused of running a USD 60 million Ponzi scheme.

Both recently changed their plea (Geringer changed his plea June 4. Luck followed suit on Monday). The Santa Cruz Sentinel reports that Geringer’s sentencing is set for October 20, with Luck’s sentencing November 24 in San Jose.

Both face up to 60 years in prison and a USD 5.5 million fine.

Both were members of MediaTile’s board of directors before it was sold to Corum Digital Corporation in August 2012.

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This entry was posted on Tuesday, July 29th, 2014 at 16:39 @735 and is filed under Scuttlebut. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.