Two-Time Stock Manipulator Sentenced to 87 Months in Jail
Colleen DebaiseDow Jones Newswires
NEW YORK -- A former broker was sentenced to seven years and three months in prison after admitting to leading a $12 million stock fraud scheme when he was already convicted of securities fraud in another case.
Peter Lybrand, also known as Peter Tosto, has been described by the Securities and Exchange Commission as a "securities-fraud addict."
Mr....