Md. Atty Gets 150 Days For Covering Up Family's $20M Fraud

Law360, New York (January 11, 2017, 2:34 PM EST) -- A Manhattan federal judge sentenced an attorney to 150 days in federal prison for failing to report a $20 million pump-and-dump scheme being perpetrated by family members and ordered the Maryland man to cease practicing law.

U.S. District Judge P. Kevin Castel on Thursday said the punishment marked an "ugly and very costly chapter" in 37-year-old Jared Galanis' life, departing downward from guidelines calling for a sentence in the range of two years chiefly because of Jared Galanis' profoundly ill wife. Galanis pled guilty in August to...
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