A prominent player in a ticket scam that sent its mastermind to prison for nearly a decade is getting off with no jail time.
James Siniscalchi, who pleaded guilty to securities fraud in June, was sentenced to a year of home detention and two more on probation, in part so that he could keep his job and pay back around $2 million stolen from investors.
“He’ll best be able to make good on the restitution if he’s gainfully employed,” said Judge Ronnie Abrams of U.S. District Court in Manhattan, who announced the sentence Friday morning.
Sinisalchi, who oversees large-scale events at Cipriani in Lower Manhattan, got involved
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