Canadian Broker Gets 25 Years For $55M Stock Fraud

Law360, New York (November 19, 2010, 3:49 PM EST) -- A federal judge sentenced a Canadian securities investor on Friday to 25 years in prison for his role in a $55 million international conspiracy to manipulate stock prices.

Judge Robert F. Kelly of the U.S. District Court for the Eastern District of Pennsylvania also ordered George Georgiou, who was convicted of securities fraud in February, to pay more than $55 million in restitution, calling the evidence against him overwhelming and his perjury stunning, according to the U.S. attorney's office.

“We had urged a sentencing of at...
To view the full article, register now.