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John Durham, the United States Attorney for the District of Connecticut, announced this week that John Milne, 58, has been sentenced to a term of 24 months in prison for violating the conditions of his post-prison supervised release.
Milne was sentenced to 27 months in prison on March 11, 2010, followed by three years of supervised release for conspiring to falsify the books and records of United Rentals, Inc. while he served as its President and Chief Financial Officer. As part of his initial sentencing, he was ordered to pay $6.25 million in restitution, $1 million of which he paid to the SEC before heading to prison.
Since his release from prison in 2012, Durham said that Milne has paid off $500,000 of the $5.25 million still due to the SEC, though a judge found that “based on Milne’s income and expenditures on luxury services, personal items and travel, he had the ability to pay much more.”
Before being found guilty of violating the conditions of his release, Durham noted that Milne had made several court appearances, and a district court judge “had previously continued the hearing on multiple occasions to provide Milne the opportunity to make additional payments, but he repeatedly failed to do so.” Milne also violated his supervised release by leaving the state of Connecticut without the permission of the United States Probation Office.
Following sentencing, Milne was remanded into the custody of the State fo Connecticut Department of Corrections.
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