Tech exec gets 22 years prison for $30M fraud

[shawn703]

Source: Atlanta Journal-Constitution

SAN FRANCISCO — A former high-tech executive convicted of defrauding investors of at least $30 million on Monday was given one of the harshest sentences meted out in a white-collar criminal case.

A federal judge in San Francisco sentenced Samuel "Mouli" Cohen to 22 years in prison. Judge Charles Breyer also set a Thursday hearing to consider fines against Cohen that could total $60 million.

Prosecutors argued for the lengthy prison term, calling Cohen a "congenital liar and serial fraudster."

Cohen was convicted of soliciting investments in his digital jukebox company by lying about its success. Prosecutors say his fraud caused the collapse of the Vanguard Public Foundation, a nonprofit tied to actors Danny Glover and Harry Belafonte.


Read more: http://www.ajc.com/news/nation-world/tech-exec-gets-22-1428303.html

[usrname]

1. And make sure he spends his

30 years in PMITA prison and not Club Fed.

[KG]

2. you'd think with all the money he stole he could've afforded better lawyers

[Dont call me Shirley]

3. Now for the banksters.

[MH1]

4. But Don Blankenship got, what, zero, if I recall correctly?

Funny how if you fck up your company so badly that people actually die, you walk, but screw over investors and it's decades in jail for you, bub.

(not to defend Cohen at all, I really don't even know this story. Just think it's an interesting contrast.)