United States Attorney for the Southern District of New York, Jamie McDonald, and the Acting Inspector in Charge of the New York Office of the U.S. Postal Inspection Service (“USPIS”), Darnell Edwards, announced today the unsealing of an Indictment charging JACOB FRANKEL and CHRISTOPHER DINELLI with securities fraud, wire fraud, and conspiracy to commit securities fraud and wire fraud, and charging FRANKEL with investment adviser fraud and making false reports to the Securities and Exchange Commission. FRANKEL will be presented today before U.S. Magistrate Judge Valerie Figuerdo in Manhattan federal court, and DINELLI will be presented today in the District of Maryland. The case has been assigned to U.S. District Judge Jesse M. Furman.
Source: U.S. Department of Justice