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Consultant sentenced in investment scam

Title: Consultant sentenced in investment scam
Date: Wednesday, 26 October 2005
Publisher: Los Angeles Times (California)
Author: E. Scott Reckard
Main source: articles.latimes.com

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A former Southern California business consultant received a four-month prison sentence for conspiring to obstruct a Securities and Exchange Commission investigation of financial advisor Reed E. Slatkin's $593-million investment scam, federal prosecutors said Tuesday. Daniel W. Jacobs helped stall the SEC for more than a year by pretending to represent a Swiss brokerage holding hundreds of millions of dollars in funds from Slatkin investors, according to his plea agreement with the government. Jacobs, 63, who pleaded guilty and cooperated extensively with ... [Read the rest at articles.latimes.com]