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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Qone0 who wrote (1479773)	8/21/2024 3:33:43 PM
From: Broken_Clock	1 Recommendation Recommended By longz Read Replies (2) \| Respond to of 1570818

He never "stole $700m". He was eventually convicted of hiding trading losses. This is not an excuse for abusing the Constitution Comrade Q. Ex-Adviser Out of Jail After 11 Years, Including 7 for Contempt By Dealbook March 15, 2011 8:14 pm March 15, 2011 8:14 pm Rick Maiman/Bloomberg News Martin A. Armstrong at the Metropolitan Correctional Center in New York in 2000. Martin A. Armstrong, who prosecutors accused of running a $3 billion Ponzi scheme, is finally out of jail after 11 years, including a possible record seven years for contempt of court in a dispute over gold and antiquities. Mr. Armstrong, a former financial adviser who once ran an investment firm called Princeton Economics International, will be held under house arrest until his federal custody ends in September, a spokesman for the Federal Bureau of Prisons, Chris Burke, told Bloomberg News. Mr. Burke said Mr. Armstrong would be allowed to go to work and required to check in at a halfway house in the Philadelphia area. He was released last week, according to Bloomberg. Mr. Armstrong spent seven years behind bars for contempt after he defied a federal judge’s order in January 2000 to turn over to the government about $15 million worth of gold bars, rare coins and antiquities including a bust of Julius Caesar. Normally, people held in contempt by a judge are jailed for no longer than 18 months. Mr. Armstrong contended he did not have those assets. As Mr. Armstrong sat in the Metropolitan Correctional Center in Manhattan, federal prosecutors tried to build a criminal case against him. Ultimately, Mr. Armstrong was sentenced to five years in prison in April 2007 after he agreed to plea guilty the year before to one count of conspiracy to hide hundreds of millions of dollars in trading losses. After seven long years, the judge in the case finally lifted the contempt sanction so Mr. Armstrong could begin his prison term. He received no time off his prison sentence for the time he spent in the Manhattan jail.