Attorney Mitchell J. Stein Found Guilty On All Federal Charges On March 20th, 2013! Stein Turned Pale When Taken Into Custody! Sentencing In February 2013!
May 20th and 21st, 2013
“His face turned as pale as a dead person when he realized the judge sided with the United States for not letting him out.” – Courtroom observer
It has now been reported that the notorious Attorney Mitchell J. Stein — aka “The Doberman” — has been found guilty on all 14 federal counts brought against him by the federal government. The verdict came in at 2:40 p.m. in a Florida courtroom on March 20th, 2013.
“Mitchell J. Stein (Spire Law Group aka Mitchell J Stein & Associates) was convicted of all 14 counts today in Florida. He was immediately taken into custody since he was deemed a flight risk. His face turned as pale as a dead person when he realized the judge sided with the United States for not letting him out. His sentencing is in August. He’s looking at a sentence of 17yrs or more if the government gets their way.
Out of all the mass joinder attorneys that were busted in 2011, Stein and Kassas are the only two who are not disbarred. It looks like Stein will be speedily disbarred now. The California State Bar was already in the process of disbarring him.” (Quote taken from Get Out of Debt Guy Blog article.)
From United States Justice Department Page On May 21st, 2013
“Attorney Mitchell J. Stein, 53, of Hidden Hills, Calif., was convicted by a jury in the Southern District of Florida for his role in operating a five-year, multimillion-dollar market manipulation and fraud scheme, announced Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division.
Stein was charged in a December 2011 indictment and on May 20, 2013, he was convicted on all counts: conspiracy to commit mail and wire fraud and three counts each of mail fraud and wire fraud, each of which carries a maximum penalty of 20 years in prison; three counts of securities fraud, which each carry a maximum penalty of 25 years; three counts of money laundering, which each carry a maximum penalty of 10 years; and one count of conspiracy to obstruct justice, which carries a maximum penalty of five years in prison. Stein is being detained until sentencing, which is scheduled for Aug. 16, 2013.
According to evidence presented at trial, Stein’s wife held a controlling interest in Signalife Inc., a publicly-traded company currently known as Heart Tronics that purportedly sold electronic heart monitoring devices. Stein engaged in a scheme to artificially inflate the price of Signalife stock by creating the false impression of sales activity for Signalife. Specifically, the evidence at trial showed that Stein and his co-conspirators created fake purchase orders and related documents from fictitious customers, then caused Signalife to issue press releases and file documents with the U.S. Securities and Exchange Commission (SEC) trumpeting these fictitious sales. Evidence at trial also proved that in a further effort to create the false appearance of sales activity, Stein arranged to have Signalife products shipped to and temporarily stored with an individual who had not purchased any products.
Evidence at trial further proved that Stein disguised his selling of stock during the conspiracy by placing shares in purportedly blind trusts, and that he had a co-conspirator sell shares of Signalife stock after Stein caused false information to be disseminated to the public. Stein also caused Signalife to issue shares to third parties so that those third parties could sell the shares and remit the proceeds of those sales to Stein. From one co-conspirator alone, Stein received illicit gains of over $1.8 million.
In addition, evidence at trial proved that Stein conspired to obstruct the SEC’s investigation into Heart Tronics by testifying falsely and arranging for others to testify falsely in an effort to conceal the scheme described above.
This case was investigated by the U.S. Postal Inspection Service and the Office of the Special Inspector General for the Troubled Asset Relief Program.
This matter was referred to the Department by the SEC, which conducted a parallel investigation and in December 2011 announced the filing of a civil enforcement action against Stein and others. The Department thanks the SEC for its substantial assistance in this matter. The Department also acknowledges the substantial assistance of FINRA’s Criminal Prosecution Assistance Group.
This case is being prosecuted by Assistant Chief Albert B. Stieglitz, Jr. and Trial Attorneys Kevin B. Muhlendorf and Andrew H. Warren of the Criminal Division’s Fraud Section.” — justice.gov
Piggybankblog posted the following:
- Stein 3rd Amended Draft Entry 183
- Stein Christina Carter Entry 186
- Stein Defense Exhibit Doc 187
- Stein Docket Entry 161
- Stein entry 125
- Stein Entry 150 First
- Stein Entry 150 Second
- Stein Entry 152
- Stein Entry 153
- Stein Entry 157
- Stein Entry 159
- Stein Entry 160
- Stein Entry 177 Government Witnesses
Information has also come in that Mitchell J. Stein has another case where there is a Motion to Seal. So it appears that he is not going to let this all be public for very long. — See Stein Docket That is why anyone who wants information on the details of the trial should retrieve it now before it is too late.
Piggybankblog was granted an exclusive three part series interview with Mitchell J. Stein in August and September of 2012. It was during this interview that John Wright at Piggybankblog was able to get Mitchell J. Stein to talk a little bit about the Heart Tronics arrest and indictment in part three of the interview series. The first part of Part Three of the interview series is about the California Attorney General raid on Mitchell J. Stein & Associates. The part of the interview where Mitchell J. Stein talks about the Heart Tronics trial and scandal starts at 23:32 of the youtube listed below.
Therefore — in the end – it could be said that it is the end of an era. That is based on the fact that the one who was called — “The Godfather of Homeowner Mass Joinders” — Mitchell J. Stein — who filed the first mass joinder (Ronald et al vs. Bofa) in 2009 against the banks concerning the Great Mortgage Crisis — is now officially serving time in Florida for the crimes he committed in the Heart Tronics scandal.
Update: Sentencing delayed first to October 7th of 2013. Then it was changed to the first of December of 2013. It has now been changed to February of 2014.
My name is John Wright AND I AM FIGHTING BACK!
All Rise! .The Honorable Judge Wright has left The Court of Public Opinion!
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