Here's something you might be interested in.
Harold Bailey (B.J.) Gallison II today (March 18) was sentenced to 18 years in prison — a very long sentence for a stock-market swindler, but too short a sentence in his many victims' eyes.
Gallison was sentenced in federal court in Alexandria, Virginia, for two counts of conspiracy to commit wire fraud and one count of conspiracy to commit international money laundering in connection with an international pump 'n dump stock-market scam. Gallison, of Valley Center, was also ordered to forfeit more than $1.7 million.
In December, Gallison had admitted to "pumping," or artificially inflating the price and trading volume of shares of Warrior Girl Corp. and Everock, Inc. After running the stocks up, Gallison and several other international stock swindlers "dumped" the shares through American and overseas bank accounts. Gallison and his cohorts pulled off the caper through an offshore brokerage and money-laundering operation, according to the U.S. Attorney's office in Eastern Virginia.
Through the offshore brokerage, Gallison created nominee accounts in the names of shell companies, thus concealing the ownership of the securities.
No San Diegan who knows Gallison will be surprised. He had a majority ownership in a fast-buck brokerage named La Jolla Capital, later named Pacific Cortez Securities. It dealt largely in penny stocks. Gallison went to prison for his role in one of the stocks that the brokerage pushed (Natural Born Carvers). As soon as he got out, he went right back into the market manipulation business through a Costa Rica operation. A court-appointed monitor confirmed that the brokerage's books were cooked. When it shut down, investors got 2.5 cents on the dollar.
Harold Bailey (B.J.) Gallison II today (March 18) was sentenced to 18 years in prison — a very long sentence for a stock-market swindler, but too short a sentence in his many victims' eyes.
Gallison was sentenced in federal court in Alexandria, Virginia, for two counts of conspiracy to commit wire fraud and one count of conspiracy to commit international money laundering in connection with an international pump 'n dump stock-market scam. Gallison, of Valley Center, was also ordered to forfeit more than $1.7 million.
In December, Gallison had admitted to "pumping," or artificially inflating the price and trading volume of shares of Warrior Girl Corp. and Everock, Inc. After running the stocks up, Gallison and several other international stock swindlers "dumped" the shares through American and overseas bank accounts. Gallison and his cohorts pulled off the caper through an offshore brokerage and money-laundering operation, according to the U.S. Attorney's office in Eastern Virginia.
Through the offshore brokerage, Gallison created nominee accounts in the names of shell companies, thus concealing the ownership of the securities.
No San Diegan who knows Gallison will be surprised. He had a majority ownership in a fast-buck brokerage named La Jolla Capital, later named Pacific Cortez Securities. It dealt largely in penny stocks. Gallison went to prison for his role in one of the stocks that the brokerage pushed (Natural Born Carvers). As soon as he got out, he went right back into the market manipulation business through a Costa Rica operation. A court-appointed monitor confirmed that the brokerage's books were cooked. When it shut down, investors got 2.5 cents on the dollar.
Where do they find these guys and how come so many of them are in San Diego!?
SportsFan0000: An inordinately large number of such bandits comes from San Diego. I suspect the border propinquity has something to do with it. A lot of dirty drug money comes into San Diego, and most of it, after laundering, is used for dirty purposes. Best, Don Bauder
My sister says ex-husband BJ is living in Colorado... wondering why she says such stuff. Denise tells our mother BJ just moved to Colorado. What kind of connection does she still have with this [email protected]#$er . I always say where there is smoke there is fire... and Ms. Gallison needs Don Bauder to investigate the second wife of BJ Gallison. One never knows what Denise Joann Fleck-Gallison-Humphries has in her possession ... Bank safety box key in Costa Rica or Panama? After all these years they are still thick as thieves.
https://www.justice.gov/opa/pr/former-head-offshore-brokerage-sentenced-18-years-conspiracy-commit-international-stock-fraud
Sign in to comment
Sign in
Login or Sign up.
or Connect using a Social Profile