Judge Delays Ex-Gryphon Head's Sentence For 2nd Time

Law360, New York (September 14, 2011, 3:44 PM EDT) -- A New York federal judge on Wednesday put off sentencing Gryphon Holdings Inc.'s former president for running a bogus stock tip business in Staten Island after his lawyers balked at the judge's planned 10-year prison term.

U.S. Judge District Jack B. Weinstein had previously said he was mulling a five-year sentence for Kenneth Marsh, but reconsidered after gaining a more complete understanding of Marsh's role as a ringleader who brought co-conspirators "into the scheme [and] egged them on.”

Federal prosecutors indicted Marsh in June 2010 on...
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