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Article: 11 1/2 years for $28M bank fraud: Ex-chief of defunct Island Park leasing company gets prison term, lashes out at federal officials.
- Article from:
- Newsday (Melville, NY)
- Article date:
- January 13, 2007
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Byline: Robert E. Kessler
Jan. 13--The former head of an Island Park medical equipment leasing company, convicted of defrauding banks of $28 million, was sentenced to 11? years in prison yesterday by a federal judge, who said he believed the sentence recommended under the federal guidelines was excessive.
The guidelines called for between 15 years and 8 months to 19? years. But Barry Drayer, 67, of the now-defunct RW Professional Leasing, was given a lesser sentence by U.S. District Judge Arthur Spatt in Central Islip, despite Drayer's apparent lack of remorse for his conviction on charges of bank fraud and money laundering. Drayer spent a half ...