Friday, March 3, 2006

Third Rigas Sentenced

Reuters reports (here) on the sentencing of the "third" Rigas -- Michael -- who was acquitted on some counts and the jury hung on others at the 2005 trial that resulted in the conviction of his father John and brother Timothy on conspiracy and securities fraud charges.  Michael entered a guilty plea to a false document filing charge, and has been sentenced to ten months home confinement and two years probation, a significantly (to say the least) lighter sentece than his father (15 years) and brother (20 years) received.  In giving the sentence, U.S. District Judge Jed Rakoff noted that Micheal was "on a totally different footing" from his father and brother, and certainly his sentence distinguishes him from them. (ph)

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