BofA Employee Pleads Guilty In Kickback Case

Law360, New York (August 2, 2007, 12:00 AM EDT) -- Former Banc of America Securities LLC registered representative Paul Risoli has pled guilty to charges of wire fraud and conspiracy stemming from an alleged insider-trading scheme.

Risoli appeared before U.S. District Judge John G. Koetl on Thursday in the U.S. District Court for the Southern District of New York. The statutory maximum sentence Risoli could receive on the conspiracy count is five years, while the statutory maximum he could receive for wire fraud is twenty years.

Under federal sentencing guidelines, the appropriate sentence for Risoli would...
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