Former stockbroker Kosta Kovachev was sentenced March 31 in the U.S. District Court for the Southern District of New York to 46 months in prison on charges stemming from his participation with former attorney and convicted felon Marc S. Dreier in a fraudulent scheme involving the sale of phony promissory notes to hedge funds, U.S. Attorney Preet Bahrara announced in a news release (United States v. Kovachev).
Sentencing was before Judge Naomi Reice Buchwald.
Kovachev, a former National Association of Securities Dealers registered broker, pleaded guilty in November to one count of conspiracy to commit securities fraud ...
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