SAN DIEGO, Calif. (KGTV) — A San Diego attorney whom prosecutors say ran a pair of “pump-and-dump” stock fraud schemes was sentenced Friday to just over seven years in prison.
Andrew Coldicutt, 44, was convicted by a federal jury earlier this year for a pair of scams aimed at inflating companies’ stock through false and/or misleading information, according to the U.S. Attorney’s Office.
In “pump-and-dump” schemes, the inflated shares are then sold off, leaving investors with losses after the price plummets…