Former broker pleads guilty to fraud
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 12/11/2012
TULSA - A former securities broker has pleaded guilty in Oklahoma to defrauding thousands of investors, Justice Department officials say.
Tulsa prosecutors say 39-year-old Joshua Wayne Lankford fled to Costa Rica in 2009 after he was accused in an alleged stock manipulation scheme.
Once he was captured, Lankford was one of five people indicted in the scheme. Lankford pleaded guilty to one count of money laundering for $250, 000 generated by the scheme on Monday.
Sentencing is scheduled for March 26.
Lankford faces up to 10 years in prison and a $250,000 fine.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
PRINT
Also in the headlines
-
PHOTOS: Remembering the Moore victims
Click here to see photos and information about the victims of the deadly tornado in Moore.
-
Teen in relationship scandal speaks out
-
Cell phone video shows London attack
-
WATCH: Kmart ad causing controversy
-
Youngest tornado victims remembered
-
Hard recovery after $2 billion in damage
Photo Galleries
-
PHOTOS: Tornado aftermath in Moore
Photos of the tornado aftermath in Moore, Oklahoma.
-
PHOTOS: Sports stars show giving spirit
-
Tornadoes and damage on May 19
-
Grand Lake boat crash leaves 2 dead
-
PICS: OKC in the 2013 NBA Playoffs
