Securities Lawyer Gets 7 Years For Fraud

Law360, New York (November 23, 2009, 4:55 PM EST) -- A federal court on Monday sentenced a former securities lawyer and name partner of Arkansas firm Cauley Bowman Carney & Williams LLC to more than seven years in prison for stealing $9.3 million in proceeds from a class action settlement.

In addition to 86 months of jail time, U.S District Judge Paul A. Crotty of the Southern District of New York also ordered Steven Eugene Cauley to give back the rest of the money he took from a settlement involving Bisys Group. He has already returned...
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