Futures Scam Leads To 20 Years For Fund Manager

Law360, New York (December 19, 2007, 12:00 AM EST) -- An investment manager accused of bilking clients of $25 million has been sentenced to almost 20 years in prison and ordered to pay $21 million in restitution to investors across the United States.

On Tuesday, Judge Thomas W. Thrash, Jr. of the U.S. District Court for the Northern District of Georgia sentenced Anthony M. Ramunno to 19 years and seven months in federal prison, to be immediately followed by three years of supervised release. Ramunno will also pay $21,226,719 in restitution.

U.S. Attorney David E. Nahmias...
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