Genovese Associate Gets 11 Years For Securities Fraud
Frank Schwamborn, a reputed longtime associate of the Genovese crime family, has been sentenced to 11 years in prison after pleading guilty in March 2009 to securities fraud for selling $2.1 million of worthless stock as reported by Keiko Morris for Newsday. Schwamborn recently completed serving a 55 month sentence for a previous racketeering and money laundering conviction connected to the Genovese crime family.
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