Broker-Dealer Pleads Guilty To Role In $250M Money-Laundering Scheme

(May 10, 2016, 2:25 PM EDT) -- BROOKLYN, N.Y. — A broker-dealer with dual citizenship in the United States and Canada pleaded guilty in New York federal court on May 9 to his role in a $250 million money laundering scheme while orchestrating more than 40 stock pump-and-dump schemes between 2010 and 2014, according to a press release issued by the U.S. Attorney’s Office for the Eastern District of New York (United States of America v. Roberts Bandfield, et al., No. 14-cr-0476, E.D. N.Y.).

According to the press release, Gregg R. Mulholland, who...
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