Federal Judge Clears Two Businessmen in Securities Fraud Case, Critiques Prosecution’s Lack of Convincing Evidence
SAN DIEGO – A local federal court recently ruled in favor of acquitting two businessmen, Jonathan Destler, 61, of Los Angeles, and Robert Lazerus, 68, of Solana Beach, accused in connection with a securities fraud case involving alleged market manipulation tactics. U.S. District Judge Cynthia Bashant dismissed all charges against the pair, raising significant doubts about the sufficiency of evidence presented by prosecutors. The charges stemmed from accusations that Destler, Lazerus, and two others were involved in a sophisticated “pump-and-dump” scheme aimed at inflating the stock value of Loop Industries, a Canadian-based company claiming to … Read more