Labor & Employment Law

Boca Raton resident sentenced in Securities Fraud and Mortgage Fraud Scheme

By Dobin & Jenks

Boca Raton resident, Donald Platten, was sentenced to 262 months in prison, to be followed by 3 years? of supervised release for securities fraud, mortgage fraud, and tax fraud, according to the Justice Department and Internal Revenue Service (IRS). Restitution for the victims have not yet been determined by the Court.

Mr. Platten was convicted of conspiracy to commit securities fraud, six counts of securities fraud, conspiracy to commit wire fraud, and impeding the internal revenue laws, in 2009. He was acquitted of eight additional counts of securities fraud.

According to the indictment and evidence introduced at trial, Platten was the president of Harvard Learning Centers Inc., a Florida corporation also located in Boca Raton. Harvard Learning changed its name several times and claimed to be involved in several different business ventures.

Click on the following link to read more on Donald Platten's conviction of Securities Fraud and Mortgage Fraud

Full post as published by The Law Planet Blog on February 15, 2010 (boomark / email).