Judge Sentences Dreier Accomplice to Supervised Release

sdnyseal230Today, U.S. District Judge Kimba M. Wood sentenced Robert L. Miller, a former New Jersey money manager (and one-time SEC lawyer), to two years of supervised release for his part in Marc Dreier’s scheme to sell millions in fake promissory notes. Miller had pleaded guilty to conspiracy to commit securities fraud, wire fraud and securities fraud in November, and characterized his actions in court today as ones committed by a “fearful, self-loathing suicidal alcoholic,” Dow Jones Newswires reports.

As discussed here, Miller previously admitted that he was paid $100,000 by Dreier “to impersonate a person at a Canadian pension plan on the telephone, and a few days later a representative of an Icelandic hedge fund by phone, in order to sell about $44.7 million in fictitious promissory notes,” the WSJ reports.

Miller had faced up to 20 years in prison.

Dow Jones Newswires: Judge Lets Ex-Money Manager Avoid Prison In Dreier Case