Massachusetts News: North Carolina Man, David Aubel Sentenced for Stock Manipulation Scheme

Massachusetts News: North Carolina Man, David Aubel Sentenced for Stock Manipulation Scheme

BOSTON, Ms. – A North Carolina man was sentenced yesterday in federal court in Boston for his role in a market manipulation scheme which was actually part of an undercover operation.

David Aubel, 60, of Matthews, N.C., was sentenced by U.S. District Court Chief Judge Patti B. Saris to 87 months in prison, five years of supervised release and ordered to pay restitution in the amount of $242,553. In November 2017, Aubel pleaded guilty to one count of conspiracy to commit securities fraud and wire fraud, one count of securities fraud, and three counts of wire fraud.

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