Post by niseag on Jan 18, 2015 6:16:55 GMT 4
Francisco Illaramendi pleads for 6 month home confinement.
Francisco Illarramendi, who ran unregistered hedge funds in Connecticut, pleaded guilty in 2011 to the scheme that exposed investors to more than $300 million in losses, including more than $100 million from Venezuela’s state oil company.
Illarramendi said in court papers filed this week that he should receive no more than six months of home confinement in addition to the time he already has spent in jail. Federal prosecutors have not yet provided their recommendation for sentencing.
The background is here:
www.huffingtonpost.com/news/francisco-illarramendi/
Francisco Illarramendi, who ran unregistered hedge funds in Connecticut, pleaded guilty in 2011 to the scheme that exposed investors to more than $300 million in losses, including more than $100 million from Venezuela’s state oil company.
Illarramendi said in court papers filed this week that he should receive no more than six months of home confinement in addition to the time he already has spent in jail. Federal prosecutors have not yet provided their recommendation for sentencing.
The background is here:
www.huffingtonpost.com/news/francisco-illarramendi/
