Monday, June 19, 2006
We looked at the sad story of Anthony Elgindy here, but the story became even sadder yesterday with his sentencing. According to the Wall Street Jrl here, Elgindy received a sentence of 11 years. He was convicted in January of 2005 of the crimes of racketeering, conspiracy and securities fraud. The 11 year sentence he received also includes a forfeiture of 1.5 million.