|
|
Article: CITRON SENTENCED : EX-O.C. TREASURER GETS YEAR IN JAIL, FINE.(News)
- Article from:
- Daily News (Los Angeles, CA)
- Article date:
- November 20, 1996
CopyrightCOPYRIGHT 1996 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: E. Scott Reckard Associated Press
Former Orange County Treasurer Robert L. Citron, the central figure in the nation's biggest municipal bankruptcy, was sentenced Tuesday to a year in jail and fined $100,000 for defrauding investors in the years before the collapse.
Citron, 71, also received a sentence of six years in state prison but Superior Court Judge J. Stephen Czuleger stayed that term.
Citron pleaded guilty and has been cooperating with the investigations into the bankruptcy. His lawyers argued that brain damage compromised Citron's financial acumen and made him easy to manipulate. Prosecutors had pressed for seven years behind ...