Kosovar Man Who Aided $19M Galanis Fraud Gets 18 Months

Law360, New York (December 3, 2019, 4:29 PM EST) -- A Manhattan federal judge hit a 50-year-old Kosovar man with a relatively light 18-month prison sentence Tuesday for assisting in the Gerova Financial Group stock fraud perpetrated by the Galanis family, crediting his remorse and refusing to put him on the hook for $19 million of restitution.

U.S. District Judge P. Kevin Castel departed downward from guidelines that called for a prison term in the range of five years for Ymer Shahini, who pled guilty to a count of securities fraud conspiracy in September, admitting he allowed the fraud-happy Galanis family to use his name as a straw to sell artificially...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS