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Penny Stock “Broker” Sentenced

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File photo of a courtroom. (credit: Joe Raedle/Getty Images)

File photo of a courtroom. (credit: Joe Raedle/Getty Images)

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(LAS VEGAS, KXNT)–A former Las Vegas man who made over 3 million dollars from selling unregistered stock in a diamond mine has been given a 4 year prison term, and faces a $250,000 fine.

Marco Glisson of Miami has been sentenced by a federal judge for tax evasion and conspiracy to sell securities.

He was not a registered broker when, in 2007, he began selling penny stock in the mining venture after the government had revoked the firm’s trading privileges. Glisson sold billions of shares to dozens of people. Ten co-conspirators are involved in the case, and the U.S. Attorney says one has pleaded guilty and five others have trials pending.

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