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Ex-CEO From Fairfield County Sentenced For $58 Million Fraud Ex-CEO From Fairfield County Sentenced For $58 Million Fraud
Ex-ceo From Fairfield County Sentenced For $58 Million Fraud The founder and former chief executive officer of a private equity investment firm in the region will be sent to prison in connection with a securities scheme in which federal authorities say he fraudulently induced hundreds of individuals to invest a total of approximately $58 million in two real estate funds. Fairfield County resident Eric Malley, age 51, of New Canaan was sentenced to five years in prison on Thursday, Dec. 2. In addition to the prison term, Malley was sentenced to three years of supervised release and ordered to make restitution in the amount of $33,249,822.12 and …

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by Joe Lombardi
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Former CEO From Fairfield County Charged With Securities Fraud Former CEO From Fairfield County Charged With Securities Fraud
Former CEO From Fairfield County Charged With Securities Fraud A Fairfield County man has been arrested for alleged securities fraud in which he stole more than $50 million from hundreds of individuals. Eric Malley, age 50, of New Canaan, was arrested on Tuesday, Jan. 12, on charges of securities fraud and wire fraud for his role in a scheme to fraudulently induce hundreds of people to invest a total of more than $50 million in two real estate investment funds, said Audrey Strauss, acting US Attorney of the Southern District of New York. As alleged in the complaint unsealed Tuesday in Manhattan federal court, Malley founded MG Capital Management in Jan…

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by Kathy Reakes