Blech Gets Four Years for Repeat Stock Manipulation Scheme
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David Blech, the former biotechnology stock promoter who got probation for a 1998 fraud conviction, was sentenced to four years in prison for a similar crime by a judge who angrily rejected his plea for leniency.
“I’m afraid that you had all the mercy that you’re going to get,” U.S. District Judge Colleen McMahon in Manhattan told Blech today. “Now is the time for punishment, which you didn’t get last time.”