Accountant Gets 14 Months In Illarramendi Ponzi Case

Law360, New York (December 14, 2011, 7:34 PM EST) -- A Venezuelan accountant was sentenced to 14 months in prison Wednesday for obstructing a U.S. Securities and Exchange Commission investigation into a Ponzi scheme run by Connecticut hedge fund manager Francisco Illarramendi.

Juan Carlos Guillen Zerpa, 44, a former managing partner for the Venezuelan affiliate of accounting giant BDO International, pled guilty in May to preparing false documents and lying to SEC investigators as they probed Illarramendi's fund's finances.

U.S. District Judge Stefan R. Underhill, who imposed the sentence at a morning hearing in Connecticut federal...
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