Gottbetter Sentenced to 18 Months Prison, $4.5M in Fines, for Securities Fraud

The Department of Justice is getting tough on gatekeepers in the microcap industry, using wire taps to turn co-conspirators into confidential informants and secure guilty pleas and jail time. The latest is 46 year-old reverse merger lawyer Adam S. Gottbetter, who operated a law firm and placement agent specializing in alternative public offerings (APOs) of microcap stocks.