November 19, 2012
The Second Circuit has denied convicted Ponzi schemer Philip Barry's move to toss his 34 fraud convictions over alleged evidentiary errors during trial, finding that the evidence at issue didn't substantially influence the jury, according to a summary order filed Monday.
June 17, 2011
Former money manager Philip Barry was sentenced in New York federal court Friday to 20 years in prison and ordered to pay $24.2 million in restitution for running a Ponzi scheme that swindled more than 800 investors over 30 years, prosecutors said.
May 25, 2011
Convicted Ponzi schemer Philip Barry asked a New York federal judge for leniency Monday, saying his crime was motivated not by any intention to get rich but by his delusional belief that he could make his promises to investors come true.