New York man gets prison for stock offering scheme

Newswire

NEW YORK, Nov 19 (Reuters) - The former top officer of a bogus car building kit business was sentenced on Tuesday to 37 months in prison for scheming to cheat investors out of about $1.8 million in connection with a fraudulent private placement stock offering.

James Wyss, 57, of Amityville, New York, had pleaded guilty in April to his role in the scheme. Wyss had been chief executive officer of an entity called Sabre Holdings Inc., which was not associated with the travel ...

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