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Former NY investment exec gets prison for fraud scheme

NEW YORK- A former New York investment executive has been sentenced to 21 months in prison and $10 million in restitution for a scheme that caused the collapse of an Oklahoma insurance company. Allen Reichman of Irvington, New York, was sentenced Wednesday in Manhattan. Attorney Preet Bharara says Reichman and others schemed to defraud the New York firm into...
Source: The Associated Press