United States v. Mitchell J. Stein
Court Docket Number: 2:11-CR-80205
Sentencing has been set for October 24, 2014 at 9:00 AM in West Palm Beach Division before Judge Kenneth A. Marra, U.S. District Court Judge for the Southern District of Florida, Paul G. Rogers Federal Building, 701 Clematis Street, Courtroom 4, West Palm Beach, Florida 33401.
If you have suffered losses as a result of this scheme, you have the right to submit a Victim Impact Statement (or letter) during the sentencing phase to explain how the crimes affected you. This statement is completely voluntary but is important to us because it reflects what you are having to personally and financially endure because of the defendant's crimes. Victim Impact includes physical, emotional and/or financial loss. We are asking that you complete this statement as it relates to this defendant no later than September 22, 2014 and mail it to: Pam Washington, U.S. Department of Justice, Criminal Division, Fraud Section, 10th & Constitution Avenue, NW, Bond Building, Room 4416, Washington, DC 20530 or email it to email@example.com. Alternatively, you may also fax the statement to Ms. Washington at (202) 514-7021.
On May 20, 2013, after a two week jury trial, a jury convicted Mitchell J. Stein, an attorney for Signalife, Inc. (Signalife), on all fourteen counts related to a five-year, multi-million dollar market manipulation fraud scheme. Signalife, a South Carolina health care device company was later known as Heart Tronics, Inc., and the company's stock was traded under the symbols SGN and HRTT. Sentencing has been postponed, but a date has not yet been set. At sentencing, Stein could receive a maximum of 20 years in prison each on the mail and wire fraud counts; up to 25 years for each of the securities fraud counts; up to 10 years for each of three money laundering counts; and five years for conspiracy to obstruct justice.
Related Cases: In a related case in the Central District of California, United States v. Ajay K. Anand,a former investor in and consultant for Signalife, was sentenced to one year of probation. Anand pleaded guilty to one count of obstruction of proceedings before the Securities and Exchange Commission (SEC) stemming from his making false and misleading statements about his knowledge of and involvement in certain activities of Signalife. Also, in another related case pending in the District of Columbia, United States v. Martin B. Carter, Carter, the former Chief Technology Officer of Heart Tronics, Inc., was sentenced to time served and 36 months of supervised release. Carter pleaded guilty on October 5, 2011 for his role in the fraudulent scheme.
The written information on this website will be updated as new developments arise in the case. If you have any questions, please call Pam Washington toll-free at (888) 549-3945 or email her at firstname.lastname@example.org.
Victim Impact Statement Form
U.S. v. Mitchell J. Stein, Criminal Indictment, Unsealed December 13, 2011