This is all just a big misunderstanding.

Prosecutors on Thursday charged seven people with running a multimillion-dollar “pump-and-dump” scheme that allegedly manipulated shares in penny-stock companies.

Abraxas “A.J.” Discala, the 43-year old CEO of OmniView Capital Advisors LLC, of Norwalk, Conn., which describes itself as a merchant banking firm, allegedly conspired with two stockbrokers, an attorney, a fellow banker and two company insiders to manipulate the shares of four publicly traded companies, according to an indictment unsealed Thursday.

Prosecutors alleged a wiretap on Mr. Discala’s mobile phone showed him boasting May 20 that he could control the share price of a company called Cubed: “I’m the f—— brake and the gas, jackass.” In a call last month, the government alleged, Mr. Discala said another company’s stock that was allegedly manipulated, CodeSmart’s, “should be in the hall of shame….”

His lawyer, Joseph Tacopina, said, “Anyone who knows A.J. is shocked by these allegations, and that’s exactly what they are—merely allegations.” He added that Mr. Discala will “vigorously defend this case.”

Seven Indicted on a Charge of Manipulating Stock Moves [WSJ]

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Comments (20)

  1. Posted by Silvio | July 18, 2014 at 2:36 PM

    This guy is a bigger piece of shit than Jackie Jr…

    Norwalk Hedge Fund?? Sounds Legit

  2. Posted by ba da bing | July 18, 2014 at 2:38 PM

    I have to say Meadow is smoking hot. Wikipedia tells me that her baby daddy is Nails junior.

  3. Posted by Captain Oblivious | July 18, 2014 at 2:42 PM

    Yeah she really knows how to pick em. Turtle got in there I think too.

    I'm the break and the gas. Hilarious. Bigger douchebag than the Situation and probably as smart

  4. Posted by Great show idea | July 18, 2014 at 2:52 PM

    Guido is the new black?

  5. Posted by WilsonPt | July 18, 2014 at 3:02 PM

    Technically Rowayton, which actually makes the location of this guys shop more absurd.

  6. Posted by Cap'nObvs | July 18, 2014 at 3:03 PM

    So you're saying there's a chance?

  7. Posted by Guest | July 18, 2014 at 3:03 PM

    I am selling nanocaps. So small you cannot even see them.

  8. Posted by Captain Oblivious | July 18, 2014 at 3:05 PM

    Finance guidos ar ethe absolute worst. Bro this, bro that. Bro shut the fuck up

  9. Posted by CatamiteCapital | July 18, 2014 at 3:15 PM

    I already learned my lesson on Norwalk based asset managers after getting burned by Swanky Franks Asset Management… I will never trust Stevie again

  10. Posted by Captain Oblivious | July 18, 2014 at 3:17 PM

    I really got milked by Stew Leonards Capital Management LLC.

  11. Posted by HighFrequencyHater | July 18, 2014 at 4:02 PM

    Would've guessed NJ or strip mall on SI.

    On a more serious note, who are the people that actually go long these things? Over-the-phone geriatric retail?

  12. Posted by Finance tool | July 18, 2014 at 4:10 PM

    Pump and dump. Sounds like a regular thursday night for me

  13. Posted by Guest | July 18, 2014 at 4:39 PM

    Please tell me the track suit jacket was a bad attempt at irony.

  14. Posted by Guest | July 18, 2014 at 4:40 PM

    I see the meatball. Now where's the spaghetti?

  15. Posted by Guest | July 18, 2014 at 9:28 PM

    The acid washed jeans, the Euro tracksuit jacket with the dago tee underneath and the bleached teeth all scream merchant banking.

  16. Posted by Chimp | July 19, 2014 at 2:20 PM

    Didn't Tacopina represent A-Rod in the steroid case ?!?

  17. Posted by largent80 | July 20, 2014 at 11:15 PM

    I would have said Roosevelt Field Mall, any weekend, but we're probably both right.

  18. Posted by abc | July 21, 2014 at 12:57 PM

    Seriously, no Webistics comment? What's happening to this place

  19. Posted by guest | July 21, 2014 at 1:03 PM

    we're more interested in boiler room references than sopranos but thanks for playing.
    -here since 07

  20. Posted by Guest | July 21, 2014 at 6:34 PM

    Good catch on the tee.