Medtech consultant Greg Ruehle (64) has pleaded guilty in federal court in Southern California to bilking 160 people out of nearly $2 million by selling them “stock” in ICB International, even though he was no longer associated with the young, La Jolla, CA–based company,
Ruehle, 64, of Oceanside, CA., has agreed to pay restitution under his plea agreement. The charges he pleaded guilty to last week included securities fraud, which carries a maximum 20-year prison sentence and $5 million fine. Ruehle also pleaded guilty to possessing two stolen semi-automatic pistols and a revolver that law enforcement discovered in his possession. The stolen firearms charge carries a maximum 10-year prison sentence and $250,000 fine.
Ruehle, 64, of Oceanside, CA., has agreed to pay restitution under his plea agreement. The charges he pleaded guilty to last week included securities fraud, which carries a maximum 20-year prison sentence and $5 million fine. Ruehle also pleaded guilty to possessing two stolen semi-automatic pistols and a revolver that law enforcement discovered in his possession. The stolen firearms charge carries a maximum 10-year prison sentence and $250,000 fine.
