Advisory Firms' Owner Pleads Guilty
Court Alerts
[##_1L|1124683816.jpg|width="130" height="90" alt=""|_##]The owner of two Manhattan investment advisory firms pleaded guilty to criminal charges in connection with an alleged scam that bilked overseas investors out of more than $18 million, prosecutors said. The U.S. Attorney's office in Manhattan said Wednesday that Christoph Schultz-Reineke, 40 years old, pleaded guilty to one count of conspiracy, mail fraud and three counts of wire fraud. He is the owner of Results Securities Inc. and Signature Investments Inc.
Schultz-Reineke, a German citizen living in Manhattan, faces up to 85 years in prison on the charges. He is scheduled to be sentenced on Sept. 28.
"It was a tragic day for him," said Roland Riopelle, Schultz-Reineke's lawyer. "We look forward to completing the proceedings. He looks forward, at some point, to going home to Germany."
Prosecutors alleged that Schultz-Reineke and others engaged in a scheme to defraud clients of Results Securities and Signature Investments. Many of the investors were German, prosecutors said.
Schultz-Reineke and others would secretly pay significantly more than publicized in its fee schedule to individuals employed by the companies to induce clients to invest, the government said.
Prosecutors said Schultz-Reineke and others also caused to be created customer account statements and trade confirmations that falsely represented purchases and sales of securities, as well as profits and losses incurred on those trades.
Schultz-Reineke and others directed a substantial portion of the investors' money be used for purposes other than trading securities, including for the firms' operating expenses and for their personal use.
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.