Long Island Mayor Gets 8 Years In Securities Fraud

Law360 (April 28, 2010, 7:40 PM EDT) -- The former mayor of a Long Island, N.Y., village and the one-time head of an investment firm reportedly has been sentenced to eight years in prison for federal securities fraud.

George M. Motz, who governed Quogue, N.Y., and was president and CEO of Melhado Flynn & Associates Inc., was sentenced Wednesday in the U.S. District Court for the Eastern District of New York, according to the Associated Press.

Motz stepped down as mayor after he pled guilty in October, AP reported.

He was indicted in August 2008 for allegedly committing securities fraud and altering documents to obstruct a U.S. Securities and...

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