Ex-GE Capital Exec Gets 10 Years In Fraud Case

Law360, New York (December 13, 2010, 8:37 PM EST) -- A federal judge has ordered a former GE Capital Commercial Inc. executive to serve more than 10 years in prison and pay nearly $17.5 million in restitution for running three separate fraud schemes, one of which siphoned millions of dollars from another former employer, CitiCapital Commercial Corp.

Judge Sidney Fitzwater of the U.S. District Court for the Northern District of Texas on Friday hit former GE Capital Commercial Senior Vice President Justin Prather with a 121-month prison term and $17.47 million in penalties for perpetrating three...
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