QUICK LINKS: Vending Videos  | Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:      

Bookmark this site




Issue Date: Vol. 52, No. 5, May 2012, Posted On: 5/3/2012


Judge Gives Mouli Cohen 22 Years


by Staff Reporter
Samuel Mouli Cohen, Ecast Inc., digital jukebox, investor fraud, Mouli Cohen sentence

Mouli Cohen SAN FRANCISCO -- A federal judge in San Francisco on May 1 sentenced Samuel "Mouli" Cohen to 22 years in prison. Prosecutors in the case, who described Cohen as a "congenital liar and serial fraudster," argued for the lengthy prison term. He was handed what is reported to be one of harshest sentences in a white-collar criminal case.

Cohen was arrested in August 2011 and pled innocent to all charges. In November, he was convicted of soliciting investments in his digital-jukebox company by lying about its success. The jury found that Cohen lied when he claimed that Ecast Inc., the company he founded in 1999, was on the verge of being acquired by Microsoft in a stock swap deal. Cohen left the company in 2002. Unrelated to Cohen's case, Ecast shut down its network operations on March 1, 2012.

Prosecutors say Cohen's fraud brought about the collapse of the Vanguard Public Foundation, a nonprofit tied to actors Danny Glover and Harry Belafonte. The foundation put up $30 million between 2002 and 2008 to purchase shares in Ecast Inc., the jukebox company he founded in 1999.

At this week's sentencing, Judge Charles Breyer set a Thursday hearing to consider fines against Cohen that could total $60 million.


Topic: Music and Games Features

Articles:
  • AMI Entertainment's New Tap TV Website For Game Enthusiasts Goes Live
  • IAAPA Opens North American Office, Appoints Richard Jackson Regional VP
  • Recently Discovered Classic E.T. Videogame Cartridges Head To eBay
  • IAAPA: Indoor Exhibit Space Sells Out For Attractions Expo 2014
  • Ashley Davis Joins AAMA Staff

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570