US Seeks Prison For 3 In GE Muni Bond Bid-Rigging Case

Law360, New York (October 16, 2012, 8:42 PM EDT) -- The U.S. Department of Justice on Monday argued for significant prison sentences and against leniency for three former General Electric Co. finance executives convicted of conspiracy in connection to a municipal bond-related bid-rigging plot, saying the executives’ extensive fraud and kickback schemes don’t warrant any reduction in penalties.

The DOJ argued against any downward departures and in favor of significant prison sentences for Steven Goldberg, Peter Grimm and Dominick Carollo, who were convicted in a May jury trial after the government accused them of paying kickbacks...
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