Summary
ALEXANDRIA, Va. -- Two self-proclaimed stock-picking experts who persuaded consumers on late-night infomercials to spend tens of thousands of dollars on software and other products to play the market were convicted of fraud and conspiracy in federal court Thursday.
Linda Woolf, 49, of Sandy, and David Gengler, 35, of Draper, passed themselves off as successful stock traders. In reality, Woolf lost money in the market while Gengler at best made a nominal profit, according to tax records.See the full content of this document
Extract
2 Utahns Guilty of Fraud and Conspiracy
They sold wares offered by a company called Teach Me to Trade. Sometimes, customers paid as much as $30,000 for the stock-pick...
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