Galanis Father, Son In Gerova Scam Get 6 Years Each

Law360, New York (February 16, 2017, 10:33 PM EST) -- During back-to-back hearings Wednesday, a New York federal judge sentenced father fraudster John Galanis and his swindling scion Derek Galanis to six years each in prison for their roles in the $20 million Gerova Financial Group Ltd. pump-and-dump scheme.

Up first was Derek Galanis, who pled guilty in August to securities fraud and conspiracy in the scheme that was led by his brother, white collar fraudster Jason Galanis, who was sentenced Tuesday to 11 years and three months in prison for his role in the Gerova scheme....
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