Roland Kaufmann, the CEO of Axius, Inc., a Nevada shell company located in Dubai, has entered a guilty plead in US District Court* in Brooklyn, New York, in a case involving an international securities fraud. He sought to pay bribes to stockbrokers to engineer the manipulation of the value of Axius stock. his co-defendant, Jean-Pierre Neuhaus, previously pled guilty in October.
Kaufmann could get up to five years in Federal Prison, and pay fine or restitution of $298,740, the amount lost by victims.
* Case No.: 12-cr-00439-JG-LB (EDNY).