Appeals Court Affirms Sentence In Fraud Case

Law360, New York (April 3, 2006, 12:00 AM EDT) -- A federal appeals court Monday upheld a nine-year prison sentence for the jailed founder and former chief executive officer of defunct healthcare and prescription drug provider Health Management Inc.

The decision came down from a three-judge panel of the U.S. Court of Appeals for the Second Circuit in Manhattan, which rejected a motion by embattled pharmacist and entrepreneur Dr. Clifford E. Hotte to vacate his sentence.

Hotte, who began serving a 108-month sentence in 1998, was found guilty of 14 charges of securities fraud in connection...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.