Armstrong Gets Five Years On Top Of Contempt

Law360, New York (April 10, 2007, 12:00 AM EDT) -- A federal judge in Manhattan on Tuesday sentenced former financier Martin A. Armstrong to a five-year prison sentence to begin once his current incarceration for civil contempt, which has stretched on for more than seven years, comes to a close.

U.S. District Judge John F. Keenan also ordered Armstrong to shell out restitution in an amount not to exceed $80,000,001—a far cry from the $737 million prosecutors had requested—and said that he would recommend to the Bureau of Prisons that Armstrong be incarcerated in the northeast...
To view the full article, register now.