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Greenwich hedge fund controller sentenced to 4 years for $9 million embezzlement


BRIDGEPORT, Connecticut — A Greenwich man has been sentenced to four years in prison for embezzling more than $9 million from the hedge fund where he worked.

The U.S. attorney's office says 45-year-old Lawrence Herzing was sentenced Friday in Bridgeport federal court.

Herzing was the controller for Greenwich-based Contrarian Capital Management. He was accused of using his position to wire money from his employer to accounts that he controlled on 32 occasions between 2004 and 2014.

Herzing was arrested last October and pleaded guilty in January to one count of wire fraud.

Herzing was also sentenced to three years of supervised release following his prison term and ordered to pay full restitution.

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