Three Convicted in Penny-Stock Case
COLUMBUS, Ohio (AP) _ Two executives and an attorney for a former penny-stock brokerage were convicted Monday in a fraud scheme that cost investors $14 million.
Beth Eyerman, former president of the now-defunct Dublin Securities Inc., and Robert D. Hodge, a former vice president, were convicted of numerous counts of corruption and theft charges, the Ohio Department of Commerce said.
Attorney Dwight I. Hurd was convicted of corruption in the case in which authorities accused the firm of defrauding at least 6,600 customers most of whom had invested in penny stocks,
Two other DSI executives, including owner Clarence Eyerman were convicted in the case. Eyerman died in January while awaiting sentencing. Five former DSI sales representatives have been indicted on securities-law charges.
Dublin Securities Inc., which is based in suburban Worthington, closed after authorities raided it in 1992.