Monday, December 14, 2009
Swindler pleads guilty, faces up to 45 years
Looking pale after nearly 10 months in federal detention, a Rockland-based financial adviser accused of stealing at least $133 million from more than 400 investors pleaded guilty Friday to federal charges.
James Nicholson, 43, a Haverstraw native who lived a jet-set life from a multimillion-dollar mansion in Saddle River, N.J., faces a maximum of 45 years in prison when sentenced April 30 by U.S. District Court Judge Richard J. Sullivan.
As part of his plea agreement, Nicholson also faces at least $6 million in fines and possibly paying restitution to his investors. He will forfeit all his properties and his share in a jet airplane — financial investments topping $37 million...
LoHud: Swindler pleads guilty, faces up to 45 years
James Nicholson, 43, a Haverstraw native who lived a jet-set life from a multimillion-dollar mansion in Saddle River, N.J., faces a maximum of 45 years in prison when sentenced April 30 by U.S. District Court Judge Richard J. Sullivan.
As part of his plea agreement, Nicholson also faces at least $6 million in fines and possibly paying restitution to his investors. He will forfeit all his properties and his share in a jet airplane — financial investments topping $37 million...
LoHud: Swindler pleads guilty, faces up to 45 years
Permalink posted by markw @ 8:34 AM 
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