U.S. Attorney Laura Duffy announced Friday that iTrackr Systems
According to the plea agreement, the company developed software to track inventories and availability of electronics.
Rizzo and co-conspirators solicited investments for the company's penny stock without disclosing that only 20 percent of the investments went to the companies and the rest was the boiler room's commission.
The 51-year-old from
Due for sentencing Oct. 28, Rizzo faces a maximum 20-year sentence.