Normally the SEC likes to just slap these people on the wrists. It is nice to see someone get a sentence of 57 months in prison for pumping a stock while falsely saying he owned no shares.
From the litigation release:
The sentence ordered Sayre to serve 57 months in prison to be followed by three years of supervised release. The sentence reflects a sentencing enhancement because the Court found that Sayre obstructed justice by lying under oath to the Commission during its investigation.
you know i have to post this…..
http://www.youtube.com/watch?v=iI06KpTDD-w
appropriate