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Ex-FA Sentenced to 3.5 Years in Prison Over Scams

A former financial advisor has received a sentence of three and a half years in federal prison for defrauding three clients. So reports The Business Journal.

prison icon 2071965 640 smallAdam Belardino of New Rochelle, N.Y., must also pay $501,500 in restitution and undergo three years of post-release supervision, ruled U.S. District Court Judge Kenneth Karas.

After being indicted last year, the 36-year-old founder of Maddox Group pleaded guilty to wire fraud and making false statements to a government agency.

Read the full article from The Business Journal.

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