Martin Armstrong will have to serve five years in prison for his conspiracy to defraud Japanese investors — but not until his record-setting incarceration for federal civil contempt is complete.
Southern District of New York Judge John Keenan sentenced Armstrong to the maximum Tuesday, saying he had no choice but to make the criminal sentence consecutive to the civil contempt that began more than seven years ago when a fellow judge ordered the disgraced commodities trader jailed for failing to turn over millions in assets sought by the court-appointed receiver for his failed companies.
