Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Thursday, February 29, 2024
Courthouse News Service
Thursday, February 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

Securities Attorney |Sentenced To 8 Years

MANHATTAN - Securities attorney Ulysses Ware was sentenced Friday to eight years in prison for conspiring to defraud investors in two penny stock scheme.

Through his law firm, Rosenfeld Goldman & Ware, Ware and coconspirators inflated the share price of Service Systems International and Investment Technology Inc. from December 2001 through April 2002. Ware disseminated fraudulent information about the companies, offered baseless stock price predictions, and failed to disclose he was being paid to pump the stocks. Ware netted $225,000 from the pump and dump scheme. He also obtained a false affidavit from an employee and submitted it to the SEC to obstruct an investigation, the U.S. Attorney's Office said. Ware, 47, lives in Atlanta.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.