Ex-Pa. Speaker Prison Bound For Misusing Taxpayer Cash

Law360, New York (March 21, 2012, 5:38 PM EDT) -- A Pennsylvania judge on Wednesday sentenced former state House Speaker John Perzel to at least 2 1/2 years in prison for his role in a $10 million scheme that illegally spent taxpayer money on political campaign work.

Judge Richard A. Lewis of Dauphin County, Pa., also ordered Perzel to pay $1 million in restitution, according to his attorney, Brian J. McMonagle. The judge made Perzel eligible for early release after 22 months, McMonagle said.

Perzel had faced more than 20 years in prison after pleading guilty...
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.