the republic logo

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

bug
Share/Save/Bookmark

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.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.