Ex-Broker Gets 18 Months For Role In Muni-Bond Fraud

Law360, New York (January 3, 2013, 6:16 PM EST) -- A New York federal judge on Thursday sentenced a former Tradition NA financial broker to 18 months in prison after the broker pled guilty to taking part in bid-rigging and fraud conspiracies related to contracts for investing municipal bond proceeds, according to prosecutors.

Adrian Scott-Jones, a Morriston, Fla., resident who previously served as a broker for Tradition, was sentenced to the prison term and ordered to pay a $12,500 criminal fine, the U.S. Department of Justice said Thursday in a statement. Scott-Jones pled guilty in September...
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