Federal and International

Former Investment Company Executives Sentenced for Roles in $18 Million Ponzi Scheme

Washington, DC—(ENEWSPF)—August 25, 2014. The former Hanover Corporation chief financial officer and a former Hanover salesman were sentenced today to serve 70 months in prison and 60 months in prison respectively, and ordered to pay $14,454,999.19 in restitution, for their roles in an $18 million Ponzi scheme.   Hanover’s former chief executive officer was previously sentenced to 14 years in prison and ordered to pay $14,784,983.75 in restitution in this case.

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Assistant Attorney General Leslie R.…

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