Close Menu
  • Home
  • COMMUNITY NEWS
  • LOCAL NEWS & EVENTS
  • SCHOOL NEWS
  • MILITARY NEWS
  • CRIME / PUBLIC SAFETY
  • THINGS TO DO
  • HEALTH & WELLNESS
  • HOME & GARDEN
  • NORTHWEST FLORIDA NEWS
  • FLORIDA NEWS
  • Contact
Facebook
Facebook X (Twitter) YouTube
Niceville.com
Niceville.com
Home»FLORIDA NEWS»Parkland man admits to securities fraud, faces 20 years
FLORIDA NEWS

Parkland man admits to securities fraud, faces 20 years

Niceville.comFebruary 9, 20252 Mins Read
Open law book, gavel, in library
Judge's gavel, law books. (File photo)

MIAMI, Fla. — A Florida man has pleaded guilty to securities fraud in connection with an insider trading scheme that netted him more than $1.6 million in profits, according to the U.S. Attorney’s Office for the Southern District of Florida (USAO).

Advertisement
Deer Moss Creek® advertisement by Ruckel Properties, Inc. promoting available homes and lots.

Niceville.com Community Partner

Stephen George, 54, of Parkland, formerly served as vice president and controller at a Boca Raton-based consumer packaged goods company, referred to in court documents as Company A. The company, a maker of a popular fitness drink, is publicly traded on the NASDAQ Stock Market.

Prosecutors said Mr George used his access to material non-public information (MNPI) during his tenure at Company A to benefit financially. On his last day of employment, April 7, 2023, Mr George reportedly accessed an internal income statement that revealed stronger-than-expected quarterly earnings. He emailed the document to himself using personal accounts.

Starting on April 10, 2023, and continuing until May 8, 2023, Mr George purchased 20,000 shares of Company A stock and 300 call option contracts. After Company A publicly announced record-breaking earnings on May 9, its stock price surged. Mr George then sold all his holdings on May 10, generating over $1.6 million in profits.

He pleaded guilty to one count of securities fraud and faces a maximum sentence of 20 years in prison. Sentencing is scheduled for April 28.

Advertisement
Deer Moss Creek® advertisement by Ruckel Properties, Inc. promoting available homes and lots.

Niceville.com Community Partner

The FBI Miami Field Office led the investigation, with assistance from the Financial Industry Regulatory Authority. The case is being prosecuted by Assistant U.S. Attorneys Eli S. Rubin and Elizabeth Young, as well as trial attorneys Matthew F. Sullivan and Matt Kahn from the Justice Department’s Criminal Division Fraud Section.

According to the USAO, the case follows a separate insider trading prosecution in the Southern District of Florida, where three individuals recently pleaded guilty to earning more than $1.1 million in illicit profits based on confidential acquisition information.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleFlorida company settles for $4.9M over kickback allegations
Next Article Florida Medicaid fraud case results in $2.2M recovery from health provider

Related Posts

Eglin Federal Credit Union employees present a $7,500 donation check to Bring Hope Now during the Dragon Boat Race and Festival.

Eglin Federal Credit Union donates over $50K to suicide prevention

October 8, 2025
Eeyore the family dog who helped rescue his owner’s injured mother in Destin.

Family dog leads deputy to rescue injured grandmother

October 8, 2025
Close-up of glowing blue rocks embedded in the new Bridge-to-Bridge path on Okaloosa Island at night.

Okaloosa unveils glowing Bridge-to-Bridge path with Oct. 23 ribbon cutting

October 7, 2025
Advertisement
Eglin Federal Credit Union auto loan ad with family and open road theme.

Niceville.com Community Partner

Categories
  • COMMUNITY NEWS
  • CRIME / PUBLIC SAFETY
  • FLORIDA NEWS
  • HEALTH & WELLNESS
  • HOME & GARDEN
  • IT'S GEEK TO ME
  • LARRY WILLIAMS
  • LOCAL NEWS & EVENTS
  • MARKETPLACE NEWS
  • MILITARY NEWS
  • NORTHWEST FLORIDA NEWS
  • OUTDOORS
  • ROADS / TRANSPORTATION
  • SCHOOL NEWS
  • THINGS TO DO
Advertisement
Eglin Federal Credit Union auto loan ad with family and open road theme.

Niceville.com Community Partner

COMMUNITY PARTNERS
  • EGLIN FEDERAL CREDIT UNION
  • EYEWEAR UNLIMITED
  • HAIR EXPRESS
  • MIDBAY VETERINARY HOSPITAL
  • NICEVILLE FARMERS MARKET
  • NICEVILLE INSURANCE AGENCY
  • RUCKEL PROPERTIES, INC.
  • THE WHARF 850
Advertisement
Eglin Federal Credit Union auto loan ad with family and open road theme.

Niceville.com Community Partner

Categories
  • COMMUNITY NEWS
  • CRIME / PUBLIC SAFETY
  • FLORIDA NEWS
  • HEALTH & WELLNESS
  • HOME & GARDEN
  • IT'S GEEK TO ME
  • LARRY WILLIAMS
  • LOCAL NEWS & EVENTS
  • MARKETPLACE NEWS
  • MILITARY NEWS
  • NORTHWEST FLORIDA NEWS
  • OUTDOORS
  • ROADS / TRANSPORTATION
  • SCHOOL NEWS
  • THINGS TO DO
Advertisement
The Wharf 850 Niceville, Florida

Niceville.com Community Partner

Advertisement

Niceville.com Community Partner

ABOUT NICEVILLE.COM

PRIVACY POLICY

TERMS OF SERVICE

© 2025 Niceville.com. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.