In April of 2018, Mr. Caliendo represented a Nevada attorney accused of participating in a $300 million market manipulation scheme. Prosecutors contended that certain stock prices were artificially inflated through bogus trades designed to boost trading volume for select companies. To the contrary, the defense demonstrated that the client – who had an impeccable reputation as a securities lawyer – had no plans to “dump” the stock, and no knowledge of any supposed effort to “pump” it. It was a month-long trial in federal court in the Eastern District of New York. She was acquitted on all counts within about 24 hours of deliberation.
https://www.law360.com/articles/1040501/atty-acquitted-ceo-convicted-in-300m-stock-fraud-trial
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