Spongetech Delivery Systems, Inc. (fka SPNGQ)

[scion]

Even though many victims of the fraud urged a prison sentence for Moskovitz, Judge Irizarry sided with his defense counsel, Benjamin Brafman, and with prosecutors who did not object to probation despite sentencing guidelines that called for a prison sentence of more than 20 years.

Addressing victims, the judge said, “I want them to understand that their pain and their loss is understood by the court.” But, she said, restitution would be within reach of Moskovitz, who works in marketing, were he allowed to keep working.

“That certainly is not going to be accomplished by putting you in jail,” she said.

Ex-CFO Is Latest SpongeTech Exec To Avoid Prison For Fraud
By Pete Brush
Law360, New York (November 7, 2014, 2:12 PM ET
http://www.law360.com/articles/594554/ex-cfo-is-latest-spongetech-exec-to-avoid-prison-for-fraud