A former analyst at Citadelwas sentenced to more than four years in prison for scamming millions of dollars in Covid relief loans for his startup hedge fund, most of which he lost in the market.
Gregory Blotnick, 35, was sentenced on Tuesday to 51 months behind bars by a federal judge in Newark, New Jersey, and ordered to pay $4.6 million in restitution. He pleaded guilty in October to wire fraud and money laundering charges for submitting 21 fraudulent loan applications to 13 lenders under the Paycheck Protection Program of the March 2020 Covid-19 economic stimulus bill.
Blotnick ...
