Opinion ID: 213536
Heading Depth: 3
Heading Rank: 2

Heading: Negroni's Role in the Scheme

Text: From his youth, Negroni had known and associated with Waltzer, and, like Hall, Negroni submitted a false claim in the Nasdaq Class Action in 2002, stating that he had traded millions of shares of Nasdaq listed securities during the class period. He received $449,009.23 as payment for that claim. Negroni also assisted Waltzer in creating a fake corporation called the Denver Corporation (Denver), for which Waltzer submitted a fraudulent claim in the BankAmerica Class Action. Denver received a check for $228,795.82 as payment for that claim, which Negroni deposited into an account he had created for Denver. On September 23, 2004, Negroni wired $190,000 of the proceeds from that check to Waltzer's bank account.