Massachusetts News: Idaho Man, Samuel Brown Sentenced for Engaging in Penny Stock Fraud and Making False Statements to the SEC

Massachusetts News: Idaho Man, Samuel Brown Sentenced for Engaging in Penny Stock Fraud and Making False Statements to the SEC

BOSTON, Ms. – An Idaho man was sentenced yesterday in federal court in Boston for participating in a market manipulation scheme involving the stock of Endeavor Power Corp., and then making false statements to the U.S. Securities and Exchange Commission (SEC) in connection with its investigation of the fraud scheme.

Samuel Brown, 38, of Bonners Ferry, Idaho, was sentenced by U.S. District Court Judge Indira Talwani to three years of probation – with the first five months to be served in home detention – and ordered to pay restitution in the amount of $22,237.

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