"With false promises of profitable investments in high-profile stock, John Mattera lured unsuspecting investors into a meticulously orchestrated, multi-million dollar fraud scheme, and used their money to fund his lavish lifestyle," Preet Bharara, U.S. attorney for the Southern District of New York, said in a statement. "With today's guilty plea, we begin the process of holding him to account for his crimes."
The IDG News Service