Ex-Gerova chairman gets 6-1/2 years prison over stock scam

by reuter.com
http://ift.tt/pnED7n
NEW YORK (Reuters) - The former chairman of Gerova Financial Group Ltd was sentenced on Thursday to 6-1/2 years in prison for defrauding shareholders by secretly awarding nearly $72 million of the reinsurer's stock to himself and others, U.S. prosecutors said.

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