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Lake Elsinore, Calif., Mining Company Official Faces Indictment for Fraud.
Knight Ridder/Tribune Business News, August, 2002
By Jack Katzanek, The Press-Enterprise, Riverside, Calif. Knight Ridder/Tribune Business News
Aug. 20--ELSINORE, Calif.--A top executive of a Lake Elsinore-based mining company is facing a federal indictment alleging that he conspired to artificially push up the company's stock price.
Les Price, who is listed on corporate documents as chief executive officer of Medinah Minerals Inc., was named in the indictment Friday. The U.S. Department of Justice for the Southern District of Florida alleges that Price and a Pennsylvania-based broker conspired to commit securities and wire fraud.
Price could not be reached for comment.
Lake Elsinore businessman Larry Regis Jr., chairman of Medinah Minerals, said he and the board were aware of...
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