Last updated: February 20. 2013 3:37AM - 119 Views

Story Tools:

Font Size:

Social Media:

(AP) A Venezuelan financier has surrendered to U.S. marshals in Connecticut to be detained as he awaits sentencing in a massive fraud scheme.

A spokesman for the U.S. attorney in Connecticut said Friday that Francisco Illarramendi (ee-yah-rah-MEHN'-dee) turned himself in as ordered by a federal judge.

Illarramendi had been under house arrest in New Canaan since pleading guilty in 2011.

The sentencing has been postponed several times as Illarramendi has changed attorneys. The judge ordered his detention last week.

Illarramendi ran unregistered hedge funds out of offices in Stamford. He has pleaded guilty to several counts of fraud and conspiracy to obstruct justice.

His biggest client was a pension fund for state oil workers in Venezuela.

Associated Press
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus

Featured Businesses


Info Minute

Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com