Former Boca Raton Securities Attorney Receives 28 Months for Role in Pump-And-Dump Scheme

Posted on May 13th, 2019 at 5:02 PM
Former Boca Raton Securities Attorney Receives 28 Months for Role in Pump-And-Dump Scheme

From the Desk of Jim Eccleston at Eccleston Law LLC:

A federal judge has sentenced former Boca Raton, Florida, securities attorney Mark Fisher to more than two years in prison for his role in a $1 million pump-and-dump scheme involving shares of a beauty supply company, Valentine Beauty Inc. Fisher also was ordered to forfeit $8.4 million in profits he received from the pump-and-dump scheme.

According to federal prosecutors, Fisher, who had previously been licensed to practice law in the state of Florida and New York and stock promoter Joseph F. Capuozzo were recruited by Eddy Ubaldo Marin, who owned a controlling interest in the company. Moreover, Marin requested that Fisher and Capuozzo mask his controlling interest in shares of Valentine Beauty, promote the stock and then sell it at an inflated price.

From the end of 2013 until April 2016, the three businessmen along with an associate transferred millions of Valentine Beauty shares into brokerage accounts under fake entity names operated by Marin and Capuozzo.  Moreover, in order to promote the Valentine Beauty stock, Fisher and Capuozzo regularly issued press releases and newsletters and then sold the shares to the public once the stock price had gone high enough.

In April of 2016, after an investigation, the SEC suspended trading in Valentine Beauty’s shares and criminal charges followed, thereafter.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, boca raton, pump and dump, mark fisher, valentine beauty inc., eedy ubaldo marin

Return to Archive



As a financial advisor with over 20 years of experience, I feel fortunate to call Jim my attorney and friend. He is a fantastic lawyer and trusted advisor. He is skilled in the matters necessary to do the job well. He uses his thoughtful approach and calm demeanor to achieve a positive outcome for the client. If you want to feel confident that nothing will be missed and that you will be represented in a highly professional manner, call Jim Eccleston.

Bill C. and Dan M.


February 22, 2024
Key Considerations for Advisors When Assessing the Financial Soundness of Annuities

While rating agencies like Fitch and S&P Global Ratings generally highlight the strength of annuity issuers, advisors still should scrutinize certain factors in their assessment process.

February 21, 2024
SEC Alleges Fraud Against Morgan Stanley and Former Executive in Block Trading Business

As reported by the Wall Street Journal, the Securities and Exchange Commission (SEC) has charged Morgan Stanley & Co. LLC and its former head of equity syndicate desk, Pawan Passi, with a multi-year fraud involving the disclosure of confidential information related to block trades.

February 20, 2024
Challenges Persist: Firms Struggle to Comply with Regulation Best Interest

FINRA's annual report for 2024 reveals a concerning trend among broker-dealers, with numerous instances of violations of Regulation Best Interest (Reg BI).