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Jamie-Lynn Sigler's ex-husband sentenced in $300 million stock scheme

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Page Six reported. Prosecutors said Abraxas artificially inflated shares of unstable stocks and sold them off as a high to investors.

The stocks then all crashed. Abraxas, who was once the actress' money manager and the former CEO of now-defunct OmniView Capital Advisors, was convicted of the scheme in 2018."Discala conspired to manipulate trading activity in penny stocks in furtherance of a scheme to defraud the securities market and investing public of millions of dollars," the US attorney for the Eastern District of New York said in a statement.

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