|Colorado securities lawyer Diane Dalmy has pleaded guilty to criminal charges in Connecticut. She was part of multiple pump-and-dump scams that defrauded investors of millions. Her role included laundering $825,000 of the loot. Dalmy admitted that as part of the scheme she wrote fraudulent legal opinion letters that allowed others to receive free trading shares and that she allowed others to move the proceeds of the crime through her lawyer trust account.|
The now 63 year old career securities crook faces a possible sentence of up to five years in prison. The judge said her conduct was “egregious” and her limited due-diligence excuse was "absurd". She had claimed a flood at her home destroyed every document. The Securities and Exchange Commission permanently barred Dalmy from securities work years ago.
|For Ms. Dalmy, the guilty plea is not her first run-in with securities crime. Not even close. In 2015, she received a $680,000 fine from the U.S. Securities and Exchange Commission for a shell factory scheme that involved Briner. The SEC said that she wrote opinion letters in support of Briner's scam effort at listing 20 purported mining companies.|
"I had no knowledge of the disciplinary backgrounds of the individuals I was dealing with. I certainly had no knowledge of the ultimate “pump and dump” scheme alleged to have occurred after my services ended. I believed this to be a viable transaction with a small developmental company holding technology, which would be a participant in an industry representing the backbone of our economy."