Who is Roger Knox? Swiss Asset Management Founder Sentenced to 3 Years for Global Securities Fraud Scheme

The well-known Roger Knox founder of Swiss Asset Management has been sentenced to 3 Years for the Global Securities Fraud Scheme which is over $150 million. The news came today and everyone was shocked after reading this headline. He is 53 years old. Here we will discuss Roger Knox and why he was sentenced by U.S. District Court Judge Nathaniel M. Gorton to 3 years in Prison.

Swiss Asset Management Founder Roger Knox

Roger Knox Biography, Age Swiss Asset Management Founder Net Worth

Roger Knox is a prominent name but currently getting into the headlines after being sentenced to 3 years for Global Securities Fraud Scheme. Also, the court ordered him to pay forfeiture in the amount of $10,909,709 and restitution in an amount that will be determined at a later date. The case is now getting major attention among the people. Along with it, In January 2020, he pleaded guilty to securities fraud and conspiracy to commit securities fraud. The allegation and charges are critical and there may be big things going to happen.

Now, let’s discuss who is Roger Knox the founder of Swiss Asset Management. He is a 53-year-old businessman by profession and operated an asset management company before being sentenced to 3 years. The company was located in Switzerland called Silverton. But later it was renamed to Wintercap. They usually generated profit through pump-and-dump schemes by selling massive quantities of microcap securities. They did it on behalf of undisclosed control groups who secretly owned the stock through nominee entities formally owned by third parties.

Later, the firm started violating federal laws which is like intentionally buying huge volumes of a particular share and inflating the price. Then, when the share reaches the target price level the company exits from the position to generate profit. This pump and dump activity is the main cause behind this case and then authorities took strict action against the company and Roger Knox. He made over $137 million through this pump-and-dump activity between the years 2016-2018. Now after the decision of the U.S. District Court, Swiss Asset Management Founder Roger Knox Net Worth and Wealth is being searched by people on the Internet.

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