Jamie-Lynn Sigler’s Ex-Husband Didn’t Mean To Suggest That He Was Pumping And Dumping Penny Stock When He Said He Was The ‘F*cking Brake And The Gas’

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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20 Responses to “Jamie-Lynn Sigler’s Ex-Husband Didn’t Mean To Suggest That He Was Pumping And Dumping Penny Stock When He Said He Was The ‘F*cking Brake And The Gas’”

  1. Silvio says:

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

    Norwalk Hedge Fund?? Sounds Legit

  2. ba da bing says:

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

  3. Great show idea says:

    Guido is the new black?

  4. Guest says:

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

  5. HighFrequencyHater says:

    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?

  6. Finance tool says:

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

  7. Guest says:

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

  8. Guest says:

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

  9. Guest says:

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

  10. Chimp says:

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

  11. abc says:

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