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Tech exec convicted in $30M fraud gets 22 years prison, 1 of harshest white-collar sentences
SAN FRANCISCO (AP) ' A former high-tech executive convicted of defrauding investors of at least $30 million has gotten one of the harshest sentences meted out in a white-collar criminal case.
A federal judge in San Francisco sentenced Samuel "Mouli" Cohen on Monday to 22 years in prison. Judge Charles Breyer also set a Thursday hearing to consider fines against Cohen that could total $60 million.
Prosecutors argued for the lengthy prison term, calling Cohen a "congenital liar and serial fraudster."
Cohen was convicted of soliciting investments in his digital jukebox company by lying about its success. Prosecutors say his fraud caused the collapse of the Vanguard Public Foundation, a nonprofit tied to actors Danny Glover and Harry Belafonte.
Cohen's lawyers are planning to appeal his conviction on wire fraud, money laundering and tax evasion charges.