$930M Grocery Scheme Gets CFO, Accountant 4 Years Each

Law360, New York (October 5, 2011, 10:06 PM EDT) -- Two key players in convicted Ponzi schemer Nevin Shapiro’s $930 million wholesale grocery business scam were sentenced to about four years each in prison, U.S. Attorney Paul Fishman announced Wednesday.

Former Capitol Investments USA Inc. Chief Financial Officer Roberto Torres, 77, received a 48-month prison sentence after pleading guilty to one count of securities fraud in New Jersey federal court. His son, former Capitol accountant Alejandro Torres, 40, received a 46-month prison term after making the same guilty plea.

U.S. District Judge Susan D. Wigenton issued...
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Case Information

Case Title

USA v. TORRES


Case Number

2:11-cr-00199

Court

New Jersey

Nature of Suit

Date Filed

April 4, 2011

Companies

UK Financial Services

UK Financial Services

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