High Court Won’t Review Lawyer’s Stock Fraud Conviction

A lawyer found guilty of orchestrating a multi-million dollar stock scam Dec. 11 lost his bid for high court review of his conviction.

Attorney Mitchell Stein was convicted over his role in a pump-and-dump scheme involving Signalife Inc., a purported medical-device company of which his wife was majority shareholder, and sentenced to 17 years in prison.

In January, the U.S. Court of Appeals for the Eleventh Circuit affirmed Stein’s conviction, rejecting his claims the government knowingly relied on perjured testimony and withheld exculpatory evidence. However, it vacated Stein’s sentence, saying the government failed to justify its calculation of investor losses ...