Mark Miller set to plead guilty to embezzlement of shell company shares

Mark Miller set to plead guilty to embezzlement of shell company shares

A Minnesota man has been charged with securities fraud by hijacking dormant shell companies, making a ruling that suggests he would be guilty, has filed a new court case.

An attorney for the man, Mark Miller, told a judge in a letter filed Tuesday that Miller would not be making pre-trial motions in his criminal case, and that the Minnesota federal court would hold a scheduled hearing next week on these queries. requested a discount.

Miller’s attorney said in his letter he would contact Judge Kate Menendez’s office “for a change in the date of the petition.” The attorney also said he met with Miller to discuss the “petition motion” with prosecutors in the case.

Pre-trial motions are regularly filed by defendants considering going to trial.

Miller, a 43-year-old general contractor who lives in downtown Breezy Point, had previously pleaded not guilty in his case.

The fact that his lawyer is considering asking for a “change in the hearing of the petition” suggests that Miller will transform this guilty plea.

Lawyer Robert Lengling did not immediately refer a request for comment to CNBC.

Miller is one of three men indicted in June by federal prosecutors with an alleged plan running from 2017 to 2019 in which he used bogus resignation letters to take control of four shell companies. Prosecutors allege the men then used the Securities and Exchange Commission’s public Edgar ranking system and fake press releases to “inflate” stock prices by claiming new business opportunities.

The four shell companies targeted by the alleged plot were Digitility, Ncompass Holdings, Bell Buckle Holdings and Utilicraft Aerospace Industries.

A civil action brought against Miller by the Securities and Exchange Commission in June charged him with “at least seven dormant stock companies …

The lawyer for one of Miller’s co-defendants, Christopher James Rajkaran, informed the judge on Wednesday that Rajkaran would not be making a pre-trial motion either.

The judge then canceled a scheduled September 15 motion hearing for Miller and Rajkaran.

A third defendant, Saeed Jabarian, is still pursuing preliminary motions in the case.

Jabarian’s attorney said in a court file in late August that he wanted Jabarian to be tried separately from Miller and Rajkaran.

The attorney said that “in a future trial, Jaberian’s defense will have to assert that Miller defrauded him” by inadvertently participating in a plan to hijack a defunct shell company.

Prosecutors are opposing a request to have Jaberian tried separately.

Miller, Rajkaran and Jabarian are charged with 15 counts of securities fraud, conspiracy to commit securities fraud and wire fraud.

Lawyers for Rajkaran and Jabarian did not immediately respond to CNBC’s request as to whether the defendants would change their arguments as Miller did.

A spokesperson for the Minnesota U.S. Attorney’s Office did not immediately respond to a request for comment.

CNBC previously reported that Miller also attempted to take control of New World Gold, a Florida stock company named as one of its alleged targets in a criminal or civil case filed by the SEC. was not done.

Just a day before he was indicted in federal court, Miller filed a new motion at trial to take New World Gold.

CNBC then dropped the lawsuit, less than two weeks after reporting its involvement with New World Gold.

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