Court Orders Ex-State Senator To Pay $791K

Law360, New York (March 17, 2008, 12:00 AM EDT) -- A judge has ordered former Connecticut State Senate Majority Leader William A. DiBella and his consulting firm to pay more than $791,000 in disgorgement, interest and penalties for aiding and abetting securities fraud.

Judge Ellen Bree Burns of the U.S. District Court for the District of Connecticut entered the judgment against DiBella and his consulting firm, North Cove Ventures LLC, on Thursday, 10 months after a jury had found the former state senator guilty of fraudulently receiving a portion of a $75 million investment in state...
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