PE Firm Founder Dodges Jail In NY Pay-To-Play Scandal

Law360, New York (December 5, 2012, 3:37 PM EST) -- A New York state judge on Wednesday let a founding partner of now-defunct private equity services firm Aldus Equity Partners LP go free in a wide-ranging pay-to-play scandal at the state's largest pension fund, saying he'd helped prosecutors net bigger fish.

Judge Lewis Bart Stone granted a conditional release without parole to Saul Meyer, who already has paid more than $1 million in restitution to the state, after he pled guilty to one felony count of securities fraud. Meyer already has spent more than three years...
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