{"id":4579,"date":"2008-03-10T10:16:16","date_gmt":"2008-03-10T10:16:16","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/03\/boiler_room_boss_pleads_guilty"},"modified":"2008-03-10T10:16:16","modified_gmt":"2008-03-10T10:16:16","slug":"boiler-room-boss-pleads-guilty","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/boiler-room-boss-pleads-guilty\/","title":{"rendered":"Holston, Young, Parker & Associates Operator Pleads Guilty to $6.5 Million Forex Investor Scam"},"content":{"rendered":"

\t\t\t\tHolston, Young, Parker & Associates Operator Boris Shuster has pled guilty to 14 counts of wire fraud and 13 counts of mail fraud in a foreign currency exchange scam that cost approximately $6.5 million and affected over 200 investors. <\/p>\n

Shuster, also known as “Robert,” was sentenced to 12 years and six months in prison and ordered to pay $6.432 million in restitution, a $10,000 fine, and $7.895 million in disgorgement. New York prosecutors had tried to obtain a sentence of 20 to 25 years in prison for Shuster. He had already been sentenced to five years in prison for a different forex scheme. <\/p>\n

According to prosecutors, Holston, Young, Parker & Associates is a fraudulent forex firm. The other owners and employees have also pled guilty to criminal charges related to the scam.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Holston, Young, Parker & Associates Operator Boris Shuster has pled guilty to 14 counts of wire fraud and 13 counts of mail fraud in a foreign currency exchange scam that cost approximately $6.5 million and affected over 200 investors. Shuster, also known as “Robert,” was sentenced to 12 years and six months in prison and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3738],"tags":[],"class_list":["post-4579","post","type-post","status-publish","format-standard","hentry","category-investor-fraud"],"yoast_head":"\nHolston, Young, Parker & Associates Operator Pleads Guilty to $6.5 Million Forex Investor Scam — Investor Lawyers Blog — March 10, 2008<\/title>\n<meta name=\"description\" content=\"Holston, Young, Parker & Associates Operator Boris Shuster has pled guilty to 14 counts of wire fraud and 13 counts of mail fraud in a foreign — March 10, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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