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Las Vegas lawyer cleared in $300M fraud trial

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By David Ferrara / Las Vegas Review-Journal

May 7, 2018 - 7:00 pm

Updated May 7, 2018 - 9:21 pm

A Las Vegas lawyer has been cleared of wrongdoing in a $300 million market manipulation scheme after a five-week trial in New York.

Kyleen Cane, managing partner of the firm Cane Clark LLP, was acquitted of three counts on Friday, while a former financial services executive was found guilty on fraud and conspiracy charges, according to the Department of Justice.

Abraxas J. Discala, ex-husband of “The Sopranos” star Jamie-Lynn Sigler and former CEO of OmniView Capital Advisors LLC, was convicted of eight counts and faces up to 20 years in prison.

In what prosecutors called a “pump and dump scheme,” Discala and Cane were accused of inflating the prices of penny stocks between late 2012 and July 2014, selling them to the elderly and investors, while pocketing the profits.

Contact David Ferrara at dferrara@reviewjournal.com or 702-380-1039. Follow @randompoker on Twitter.

Suspect in home invasion that led to police shooting now faces a lewdness charge

By Katelyn Newberg / RJ

November 26, 2024 - 6:32 pm

Alejandra Boudreaux, was was accused of a home invasion that led to police shooting and killing the homeowner, is now facing a lewdness charge in a separate case, court records show.

Ex-Palo Verde coach pleads not guilty to charges of sexual assault against a child

By Noble Brigham / RJ

November 25, 2024 - 6:46 pm

Michael “Luke” Atwell, 72, entered a not guilty plea through his attorney in court Monday. He was arrested at the school last week.

$1M bail set for suspect accused of breaking into Brandon Durham’s home

By Katelyn Newberg / RJ

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A judge set a $1 million bail for Alejandra Boudreaux, who was accused of breaking into Brandon Durham’s home before police responded, shooting and killing Durham.

Woman pleads guilty to fatally shooting man as he drove down I-15

By Katelyn Newberg / RJ

November 22, 2024 - 6:00 pm

Bernice Bohler was riding in the front seat of a car when she shot the driver, Frank Williams, as he drove down Interstate 15 on June 2, according to court documents.