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Home›Gaming stock›Investment manager pleads guilty to securities fraud in the gaming sector

Investment manager pleads guilty to securities fraud in the gaming sector

By Wanda Tengan
April 6, 2022
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By Celeste Bott (April 6, 2022, 5:24 p.m. EDT) — An Ohio investment manager pleaded guilty Wednesday to a wire fraud charge for his role in a stock fraud scheme he allegedly orchestrated with the founder from a Silicon Valley video streaming service.

Bennie Blankenship changed his plea during a remote hearing before U.S. District Judge Steven C. Seeger on Wednesday morning, admitting he conspired to manipulate the stock price of NanoTech Gaming Inc., a former unit of NanoTech Entertainment Inc.

The other nine charges he faces in the government’s 10-count indictment, filed in January last year, will be thrown out at sentencing, as per his agreement. of advocacy, and Blankenship is…

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