Two Men Convicted in Boiler Room Scam:...
Two Men Convicted in Boiler Room Scam: Peter R. Tripp, 42, and Richard Fonseca, 55, who ran an office supply boiler room in Sherman Oaks, were found guilty by a jury of 30 counts each of wire fraud and transportation of stolen securities in U.S. District Court in Knoxville, Tenn. The men bilked the Greenville Publishing Co., publisher of the Greenville Sun in eastern Tennessee, out of $561,000. They face maximum sentences of 210 years--10 years for each of the 12 counts of transportation of stolen securities and five years for each of the 18 wire fraud counts--plus penalties of $250,000 per count and payment of restitution to Greenville Publishing.
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