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Ex-CFO Of Fraud-Ridden Video Startup Spared More Prison

Law360, New York (April 9, 2019, 7:45 PM EDT) -- The former CFO of KIT Digital Inc. was spared additional prison time Tuesday by a Manhattan federal judge who credited his cooperation in a fraud case against the now-incarcerated former head of the fallen online video startup.

U.S. District Judge Paul G. Gardephe credited Robin Smyth's 2017 testimony against ex-KIT CEO Kaleil Tuzman and, at a second trial, Smyth's testimony against former financial adviser Irfan Amanat. The judge held that the roughly eight months Smyth spent behind bars after his 2015 arrest was sufficient.

"At some point he lost his moral compass and I do believe he sincerely regrets that," Judge...

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