The bizarre saga of Martin Armstrong came to a strange conclusion on Friday as a federal judge ruled that after seven-plus years in jail for contempt, Armstrong was just not going to comply with a court order to turn over almost $15 million in assets. Armstrong, however, is now free only to begin serving a 5-year prison term ordered by one of the at least 10 federal judges who have had to sort out Armstrong's criminal case or the civil case brought by the SEC and the Commodity Futures Trading Commission.
Civil Sanction Lifted Against Financier Armstrong After Judge Finds Confinement for Contempt Ineffective
New York Law Journal
April 30, 2007