Harbor Wealth Exec Gets 6 Years For $5M Fraud

Law360, New York (July 20, 2011, 6:26 PM EDT) -- An Illinois federal judge sentenced the owner and former operator of Harbor Wealth Management LLP on Tuesday to six years in prison for allegedly running an investment fraud scheme that bilked at least 150 investors out of more than $5 million.

U.S. District Judge William Hibbler also ordered Scott M. Ross, 42, to shell out $3.7 million in restitution following his guilty plea in March to one count of mail fraud. Mariah E. Moran of Stetler Duffy and Rotert Ltd., who represents Ross, said Wednesday that...
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