US Atty Wants Up To 45 Years For Nicholson

Law360, New York (October 18, 2010, 3:18 PM EDT) -- The U.S. attorney prosecuting financial fraudster James M. Nicholson is arguing he should serve up to the maximum sentence — 45 years in prison.

Nicholson, who cost investors more than $100 million in the collapse of Westgate Capital Management LLC, is a practiced liar who stole even from his own family, Preet Bharara, the U.S. attorney for the Southern District of New York, said Friday in a sentencing memorandum filed in Manhattan federal court.

Nicholson, 44, pled guilty to mail fraud, securities fraud and investment adviser...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.