2006-10-19 07:47:09 · 1 answers · asked by Stephen M 1 in Business & Finance ➔ Corporations
Irwin Selinger sentenced to 18 months in prison
04.25.2005
ATLANTA -- Irwin Selinger, the president and CEO of Graham-Field Health Products, was sentenced to 18 months in prison and three years probation April 15 for fraudulently inflating the company's stock in 1997.
Federal prosecutors said Selinger, 64, led a scheme to fraudulently inflate the company's stock at a time when he was working to acquire Delaware-based Fuqua Industries. The deal depended on keeping Graham-Field's stock above a certain level, and Selinger attempted to do so by inflating his firm's income, prosecutors said.
He appealed his conviction, but in September 2006, the court upheld his conviction.
As of today, he is not in the Federal Bureau of Prisons database. Offenders are entered here when they are incarcerated.
http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&needingMoreList=false&LastName=Selinger&Middle=&FirstName=Irwin&Race=W&Sex=M&Age=&x=26&y=26
2006-10-20 05:24:11 · answer #1 · answered by Joe S 6 · 0⤊ 0⤋