PEOPLE v. WAKEFIELD FIN. CORP


155 Misc.2d 775 (1992)

590 N.Y.S.2d 382

The People of the State of New York, Plaintiff, v. Wakefield Financial Corporation et al., Defendants. The People of the State of New York, Plaintiff, v. Raymond Koubeck et al., Defendants. The People of the State of New York, Plaintiff, v. Howard Citron et al., Defendants.

Supreme Court, New York County.

August 12, 1992


Attorney(s) appearing for the Case

Michael F. Bachner, New York City, for Phillip Ardizzone, defendant. Brian Barrett, New York City, for Theresa Crescenzi, defendant. Steven Bernstein, New York City, for Kenneth Stoops, defendant. David Blackstone and Polly Passonneau, New York City, for Theresa Fiorillo, defendant. John F. Felton, New York City, for Parsons Eng, defendant. Hervey, Matsoukas & Schuman, New York City (Virgil W. Hervey of counsel), for Keith Friedman, defendant. George J. Kundrat, Westfield, New Jersey, for Howard Edrich, defendant. Kantor Davidoff Wolfe Rabbino & Cass, New York City (Lawrence A. Mandelker of counsel), for George Kevorkian and others, defendants. Proskauer Rose Goetz & Mendelsohn, New York City (Thomas C. Moore, G. Michael Bellinger, Karen E. Clarke and Sheila M. Gowan of counsel), for Joseph Elkind, defendant. Francis J. Murray, Rockville Centre, for Al Minella and another, defendant. Berger, Poppe, Janiec & Mackasek, New York City (Darrell Paster of counsel), for Morton Kantrowitz, defendant. David Perlmutter and Deana Fisher, New York City, for Joseph Zaborowski, defendant. Morgan, Lewis & Bockius, New York City (Robert Romano and Arda Arslanian of counsel), for Keith Minella and another, defendants. Stanley B. Thomas, New York City, for Donato Delvecchio, defendant. Jesse Zaslav, New York City, for Howard Edrich, defendant. Robert M. Morgenthau, District Attorney of New York County, New York City (Rubie Mages of counsel), for plaintiff.


JOHN A.K. BRADLEY, J.

The defendants are charged in three indictments with manipulating the over-the-counter stock market. Included among the defendants are three securities firms and 15 individual defendants. The most significant count charges the crime of enterprise corruption in that from on or about September 18, 1987, through on or about February 14, 1990, the defendants having knowledge of the existence...

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