Ex-Citadel Analyst Gets Second Sentence for Covid Loan Scam

A former analyst at Citadel LLC was punished for the second time this week for lying about his startup hedge fund to secure $4.6 million in covid relief loans.

Gregory Blotnick, 35, was sentenced on Thursday to one to three years by a state court judge in Manhattan. Two days earlier, Blotnick was ordered to spend 51 months behind bars by a federal judge in New Jersey. His state sentence will run at the same time as his federal one, so his total time in prison won’t change.

Blotnick, of New York and West Palm Beach, Florida, worked as ...