Gryphon Head's Sentence For Securities Fraud Delayed

Law360, New York (August 11, 2011, 7:27 PM EDT) -- At the eleventh hour Thursday, a New York federal judge postponed handing down a prison sentence to ex-Gryphon Holdings Inc. president Kenneth Marsh after seven alleged victims testified his investment fund lured them with promises of high returns before draining their savings.

U.S. District Judge Jack B. Weinstein postponed Marsh's incarceration sentencing to Sept. 14, when he will sentence at least 10 of 18 co-defendants affiliated with Gryphon at once, after initially saying he would likely sentence the admitted ringleader of the securities fraud to five...
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