Brothers Agree to Plead Guilty: Jonathan D....
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Brothers Agree to Plead Guilty: Jonathan D. Sterns and Mark A. Sterns, who tried to raise millions of dollars with a bogus diet patch, have agreed to plead guilty to mail and securities fraud charges. Both agreed to aid a criminal investigation of firms headed by their uncle David A. Sterns. The agreement was filed in U.S. District Court in Santa Ana. In March, 1989, a postal inspector estimated that 22,000 investors had been bilked out of $9 million to $11 million. The brothers, formerly of Orange County, each face up to 10 years in prison and a maximum fine of $500,000.
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