United States v. Tuzman

PAUL G. GARDEPHE, U.S.D.J.:

Defendants Kaleil Isaza Tuzman and Omar Amanat are charged with conspiracy to commit wire fraud, wire fraud, investment advisor fraud, and conspiracy to commit securities fraud. The Government claims that Tuzman-the former chief executive officer of KIT digital, Inc.-and Omar Amanat of Enable Invest Ltd., conspired with others, including Stephen Maiden, to have Maiden's hedge fund purchase and hold KIT digital's stock to artificially inflate its price and trading volume, and to hide losses Maiden's hedge fund had sustained in Enable. Tuzman is also charged with…