United States v. Jenkins

OPINION

B. FLETCHER, Circuit Judge:

INTRODUCTION

This case arises out of a “pump and dump” scheme during which Randy Jenkins and Ira Gentry conspired to secretly acquire millions of shares of UniDyn Corporation stock, artificially inflate its value, sell it for significant profit, and launder the proceeds. After a sixteen-day trial, a jury convicted Jenkins and Gentry (“Appellants”) of multiple counts of securities fraud (15 U.S.C. §§ 78ff, 78j(b) 1 ); wire fraud (18 U.S.C. § 1343); international concealment money laundering (18 U.S.C. § 1956(a)(2)(B)(i); concealment money laundering (18 U.S.C.…