OTHER NEWS - Sept. 1, 1992
From Times Staff and Wire Reports
Penny Stock King Gets 46 Months In Prison: Former penny stock king Meyer Blinder was sentenced to 46 months in prison on racketeering and securities fraud charges Monday, despite pleas the punishment was tantamount to a death sentence. U.S. District Judge Lloyd George rejected pleas that Blinder, 70, was in failing health, and that he was innocent in a scheme the government contends bilked millions of dollars from tens of thousands of investors. Blinder has been jailed since his conviction July 10 by a Las Vegas jury. George also imposed a three-year probation at the end of Blinder’s sentence along with a $100,000 fine and the cost of incarceration.
