A former Los Angeles investment banker pleaded guilty to antitrust violations, including securities fraud, investment advisor fraud and conspiracy. Jason Galanis, 46, conspired with his father, two brothers, at least one broker and the former chairman of the Gerova Financial Group, a publicly traded reinsurer at the center of the securities fraud case, to manipulate the company’s stock price.
Galanis was accused of surreptitiously accumulating nearly half of Gerova Financial Group’s stock using a straw buyer, then bribing investment advisors to purchase the stock. The stock was then transferred from Galanis’ straw account to the investment advisors. Galanis manipulated the stock price of Gerova Financial Group for more than four years and produced more than $20 million in profits for the co-conspirators.
Galanis is also the subject of a second, separate antitrust case against him for a $60 million bond scam involving the Oglala Sioux Nation.
Los Angeles Antitrust Lawyer
Criminal antitrust prosecutions typically involve millions of dollars and multiple defendants. Criminal antitrust activities are complex, and a prosecution can take months or even years. If you’re facing criminal antitrust charges, you need an antitrust lawyer who is committed to defending you and providing you with the best possible legal counsel available.
Robert Helfend has practiced criminal law in Los Angeles and throughout Southern California for more than 30 years. He has extensive experience in defending against federal prosecutions, and can assemble the experts you’ll need to testify on your behalf.
He is known for his aggressive style of defense, and has defended hundreds of Californians against charges against them in both federal and state courts. If you’ve found yourself the subject of a federal criminal antitrust investigation, don’t attempt to defend yourself and don’t settle for an inexperienced federal criminal defense attorney.
Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273- 5611 for an immediate consultation on your Los Angeles County antitrust case.
Photo Credit: Thomas Hawk, via Flickr.com