John S. Martin, Jr., United States Attorney for the Southern District of New York, and Donald N. Malawsky, Administrator of the New York Regional Office, announced that on September 11, 1981, James C. Couri ('Couri') was sentenced to three-years probation and fined $10,000.
On June 19, 1980, Couri had pleaded guilty to violating the anti-manipulation provisions of the federal securities laws in connection with the trading in the common stock of Conrac Corporation, which is listed on the New York Stock Exchange, in 1975. The probation is to run concurrently with the imposition of a similar period of probation, subject to certain conditions, in connection with an unrelated criminal matter [two counts of bank fraud involving Plazagal].
Previously, Couri had consented to the entry of a final judgment of permanent injunction in a related civil action, S.E.C. v. Gilbert, et al., 76 Civil 366 (MEL) (S.D.N.Y.).
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