Farah's sentence: 15 years



Published:

Scott Farah, mastermind of the multimillion-dollar Financial Resources Inc. Ponzi scheme, was sentenced today to 15 years in prison.The sentence he received was five more than prosecutors had recommended. U.S. District Court Judge Paul Barbadoro said he would have given Farah the maximum 20-year sentence but chose to reduce the term by five years because of Farah's subsequent cooperation with prosecutors.Barbadoro said his "overriding concern" is that "the number of lives destroyed" by the fraud "is so great."He said he imposed the longer 15-year term to send a message: "If people can say that you can get away with this, society at large has been harmed."Farah also will be faced with three years of probation after serving his sentence.The judge did not make a decision about restitution for the FRM victims -- whether consideration should go through bankruptcy court or through his court.Before he was sentenced, Farah told the court, "The only thing I can say is I'm sorry for all the people I hurt." To which an audience member audibly said, "You're only sorry you got caught."Several of the FRM victims testified before Barbadoro delivered the sentence.Farah's accomplice, Donald Dodge, is to be sentenced later this afternoon. -- BOB SANDERS/NEW HAMPSHIRE BUSINESS REVIEW Edit ModuleShow Tags