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Mar 19, 2024 · Two brothers who were convicted for their roles in years-long scheme to defraud investors out of millions lost their respective Second Circuit appeals on Tuesday.
- hbarker@bloombergindustry.com
- Legal Reporter
Aug 19, 2021 · AMANAT and Tuzman were found guilty in 2017 after a two-month trial presided over by Judge Gardephe. AMANAT was convicted of conspiracy to commit wire fraud, wire fraud, aiding and abetting investment advisor fraud, and conspiracy to commit securities fraud.
Aug 19, 2021 · Amanat also schemed to defraud Maiden investors by having the fund hide losses in Enable, a Dubai-based fund for which he had raised money, prosecutors said. Jurors convicted Amanat of wire...
In December 2017, Amanat was found guilty of defrauding Kit investors along with his associate Kaleil Isaza Tuzman, the former KIT Digital CEO. Tuzman and Amanat had been accused of conspiring to inflate KIT's trading volume and share price between 2008 and 2011 in an effort to hide their devastating losses.
Aug 19, 2021 · In a release, U.S. Attorney Audrey Strauss said Amanat defrauded investors of millions of dollars through years of lies and deceit. She said the fraud included manipulating stock prices and...
Aug 19, 2021 · In a release, U.S. Attorney Audrey Strauss said Amanat defrauded investors of millions of dollars through years of lies and deceit. She said the fraud included manipulating stock prices and hiding investment losses through years of false account statements.
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What happened to Amanat & Kaleil Isaza Tuzman?
York jury convicted Kaleil Tuzman and Omar Amanat of securities and accounting fraud. Kaleil Isaza Tuzman built the company named after himself, Kit Digital, on a foundation of lies, working with his co-defendant Omar Amanat to defraud investors out of millions of dollars through years of deceit.
