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Repeat Stock Crook Gets 18 Years For $15M Telecom Fraud

Law360, New York (May 15, 2018, 1:57 PM EDT) -- A Manhattan federal judge sentenced recidivist stock fraudster Edward Durante to 18 years in prison Tuesday for a telecom scam that fleeced 100 investors out of $15 million, asking Durante to consider using his talents for better pursuits when he leaves federal custody.

U.S. District Judge Andrew L. Carter Jr. departed downward from official guidelines that called for a sentence of at least 24 years for the 66-year-old, who left federal prison in 2009 after serving a 10-year sentence for a previous $39 million fraud....
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