BOCA RATON, FL (BocaNewsNow.com) — Saturnia resident Ryan Coblin has been placed on probation for three years and ordered to pay $12,500 in fines after pleading guilty to taking part in a kickback scheme while he served as president of “Delivery Technology Solutions, Inc.”
According to the FBI:
Coblin, 41, of Boca Raton, was the president of Delivery Technology Solutions Inc., a domestic and international delivery company catering to corporations. Coblin was charged by information in September 2011 and pled guilty on March 8, 2012 to engaging in a scheme to pay kickbacks to a hedge fund fiduciary to induce the fiduciary to misappropriate money from a hedge fund in order to buy restricted common stock at inflated prices.
Coblin faced two counts, one of which was dismissed.