Stein Update

United States v. Mitchell J. Stein
Court Docket Number: 2:11-CR-00985

This case is assigned to Judge Kenneth A. Marra, U.S. District Court Judge for the Southern District of Florida, Paul G. Rogers Federal Building, 701 Clematis Street, Courtroom 4, West Palm Beach, Florida 33401.

On May 20, 2013, after a two week jury trial, a jury convicted Mitchell J. Stein, an attorney for Signalife, Inc. (Signalife), on all fourteen counts related to a five-year, multi-million dollar market manipulation fraud scheme. Signalife, a South Carolina health care device company was later known as Heart Tronics, Inc., and the company's stock was traded under the symbols SGN and HRTT. Stein is being detained until sentencing, which has been rescheduled for February 10, 2014 at 9:00 a.m. before Judge Marra in Courtroom 4. At sentencing, Stein could receive a maximum of 20 years in prison each on the mail and wire fraud counts; up to 25 years for each of the securities fraud counts; up to 10 years for each of three money laundering counts; and five years for conspiracy to obstruct justice.