3 Former GE Finance Execs Sentenced To 3-Plus Years

Law360, New York (October 18, 2012, 8:55 PM EDT) -- Three former executives at General Electric Co. finance companies were sentenced Thursday to prison terms of at least three years for participating in a municipal bond-related bid-rigging conspiracy — shorter prison stints than prosecutors had requested.

Steven E. Goldberg was sentenced to four years in prison at a hearing in Manhattan before U.S. District Judge Harold Baer Jr. The judge sentenced Goldberg's co-defendants, Dominick P. Carollo and Peter S. Grimm, to three years each.

Prosecutors had asked that Goldberg serve more than 17 years in prison,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.