Joel Sanders, the former chief financial officer at now-defunct Dewey & LeBoeuf, avoided a prison term on Tuesday when a New York state Supreme Court justice instead ordered him to pay a $1 million fine and perform 750 hours of community service.
The Manhattan District Attorney’s Office had urged for the maximum sentence under his May 2017 conviction: One-and-a-third to four years in prison. Sanders was convicted in May of two Class E felonies and one misdemeanor, first-degree scheme to defraud and securities fraud under the Martin Act, as well as fifth-degree conspiracy.
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