Francisco Illarramendi, of New Canaan, former head of Michael Kenwood Group in Stamford, was sentenced to 13 years in federal prison on Thursday for his role in a Ponzi scheme that bilked millions from investors. Photo: Ned Gerard, ST Four years after pleading guilty to five charges stemming from what prosecutors call the largest Ponzi scheme uncovered in Connecticut, the former owner and operator of several Stamford-based hedge funds was sentenced to 13 years in federal prison on Thursday.
via New Canaan Newswire http://www.newcanaannewsonline.com/business/article/New-Canaan-man-gets-13-years-for-Ponzi-scheme-6049547.php
via New Canaan Newswire http://www.newcanaannewsonline.com/business/article/New-Canaan-man-gets-13-years-for-Ponzi-scheme-6049547.php
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