SECURITIES AND EXCHANGE COMMISSION
Washington D.C.
LITIGATION RELEASE NO. 15780 / June 11, 1998
UNITED STATES v. JEFFREY SZUR, ELAINE SZUR, VADIM KAPLUN, CARY
WEINSTEIN,
AND DAVID M. GOLD, S5 97 Cr. 108 (S.D.N.Y.)
The Securities and Exchange Commission ("Commission") announced
that,
on June 10, 1998, after a ten-week criminal trial conducted by the
United
States Attorney's Office for the Southern District of New York,
Jeffrey
Szur, Elaine Szur, Vadim Kaplun, Cary Weinstein, and David M. Gold
were
convicted on charges of: (a) conspiracy to commit securities fraud,
wire
fraud, and commercial bribery; (b) wire fraud; (c) commercial bribery;
(d)
creating false books and records for a registered broker-dealer; and
(e)
money laundering. The evidence at trial showed that the defendants
engaged
in a scheme to fraudulently sell approximately $6 million worth of
publicly
traded common stock that had been issued by Securitek International
Corp.
(formerly known as U.S. Asset Corp.) to unsuspecting retail customers
of
J.S. Securities, Inc., a registered broker-dealer. Jeffrey Szur was
the
President of J.S. Securities. Elaine Szur, Jeffrey Szur's mother,
served
as the compliance officer of J.S. Securities. Kaplun, Weinstein, and
Gold
SNIPPETS:
UNITED STATES v. JEFFREY SZUR, ELAINE SZUR, VADIM KAPLUN, CARY
WEINSTEIN,
AND DAVID M. GOLD, S5 97 Cr.
The Securities and Exchange Commission announced that, on June 10, 1998, after a ten-week
States Attorney's Office for the Southern District of New York,
Szur, Elaine Szur, Vadim Kaplun, Cary Weinstein, and David M. Gold were convicted on charges
The evidence at trial showed that the defendants engaged in a scheme to fraudulently sell
Jeffrey Szur was the President of J.S. Securities.
As shown at trial, the fraudulent scheme concerned undisclosed payments by Bertram Slutsky,
Slutsky made payments of as much as 50% of the sales price of his Securitek stock to the
Jeffrey Szur entered into the agreement with Slutsky to sell Slutsky's Securitek stock to the
Kaplun operated a branch office of J.S. Securities at 63 Wall Street, where Kaplun directed a
Elaine Szur helped keep the books concerning the fraudulent scheme and, together with Jeffrey
Jeffrey Szur, Elaine Szur, Kaplun, Weinstein, and Gold were each convicted of a single count
Jeffrey Szur was also convicted of three counts of wire fraud, one count of commercial
Elaine Szur was also convicted of two counts of wire fraud, three counts of maintaining false
Kaplun was also convicted of two counts of wire fraud, three counts of commercial bribery in
Sentencing before the Honorable John G. Koeltl of the United States District Court for the
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