Legal
- In 1992 he served a fifty-day sentence for selling unregistered securities.
- On August 7, 1995, he pled guilty to federal bank fraud in Ohio. He served three years probation for a felony charge of falsifying banking records.
- On March 14, 1999, he pled guilty to misprision of felony in Michigan.
- In early October 2005, a warrant was unsealed, showing the Federal Bureau of Investigation (FBI) raided Alan Ralsky's home in September. In the raid, the FBI took computers, financial records, and even The Detroit News article cited earlier. They then raided his son-in-law's home. Ralsky's business was not legally shut down, but he was unable to operate following the raid.
- On January 3, 2008, Ralsky and ten others were indicted based on results of a three-year investigation. The indictment included stock fraud charges stemming from a "pump and dump" scheme.
- On January 9, 2008, Ralsky was arraigned on the charges that he was indicted for on January 3, 2008. He was silent during the arraignment, so a plea of not guilty was entered on his behalf.
- On June 22, 2009, he pleaded guilty to wire fraud, mail fraud, money laundering charges and violating the CAN-SPAM Act. He agreed to assist in the prosecution of other spammers in exchange for sentencing consideration.
- On November 23, 2009, he was sentenced by U.S. District Judge Marianne O. Battani to four years, three months in jail. He was also fined $250,000.
- Alan Ralsky was inmate # 19509-039 at Federal Correctional Institution, Morgantown.
- He was released on 09-14-2012.
Read more about this topic: Alan Ralsky
Famous quotes containing the word legal:
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