BJ Gallison Sentenced on Pump & Dump Securities Fraud

March 18, 2016-San Diego

The San Diego Reader reports that B. J. Gallison was sentenced to 18 years in prison for wire fraud and money laundering in connection with an international pump and dump stock scam.

Gallison admitted artificially inflating (pumping) the shares of Warrior Girl Corp. and Everock, Inc. and then dumping the shares on the public market. To accomplish the scam Gallison created nominee accounts in the names of shell companies in order to conceal the true ownership of the securities.

Gallison was a majority owner of La Jolla Capital, later renamed Pacific Cortez Securities, a company that specialized in penny stocks.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

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