Ex-Gerova chairman gets 6-1/2 years prison over stock scam

NEW YORK (Reuters) - The former chairman of Gerova Financial Group Ltd was sentenced on Thursday to 6-1/2 years in prison for defrauding shareholders by secretly awarding nearly $72 million of the reinsurer's stock to himself and others, U.S. prosecutors said.

from Reuters: U.S. http://ift.tt/2wbzQ2A