Ex-Tech Exec Gets 22 Years For $31M Investment Scam

Law360, New York (April 30, 2012, 8:56 PM EDT) -- A former high-tech executive convicted of scamming $31 million from 55 investors, including actor Danny Glover, has been sentenced to 22 years in federal prison, prosecutors said Monday.

Samuel "Mouli" Cohen was also hit with a $31.4 million judgment and $27,900 in fines in the sentence handed down by U.S. District Judge Charles R. Beyer in California federal court, according to the office of U.S. Attorney Melinda Haag.

Jurors in a monthlong trial found the 54-year-old Cohen guilty of 15 counts of wire fraud, 11 counts...
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