Man was also ordered to pay $2.43 million in restitution and forfeit $5 million
A Canadian man who prosecutors said led schemes that used call centers around the world to defraud investors was sentenced on Wednesday to 6-1/2 years in prison in a case that stemmed from one of the largest penny stock investigations in U.S. history.
Sandy Winick, who prosecutors say led a scheme that sought to profit from selling billions of fraudulently-inflated shares to unsuspecting investors, was sentenced by U.S. District Judge Eric Vitaliano in Brooklyn.
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