Tag: McGinn
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'Arrogant' McGinn gets 15-year sentence
August 7, 2013Tess Nacelewicz
It wasn't the life term prosecutors sought, but 65-year-old security industry investor Timothy McGinn today was sentenced to be in federal prison until he's 80. McGinn had asked for a more lenient sentence after being convicted earlier this year of fraud, conspiracy and tax evasion in a Ponzi-like scheme that caused investors to lose millions. A judge spurned that request, calling McGinn “arrogant,” news reports say.
David L. Smith, 68, McGinn's former partner in the Albany, N.Y.-based...
This Blog's on Fire (And Other Stuff)
Life in prison for McGinn, Smith?
July 31, 2013Tess Nacelewicz
Security industry investors Timothy McGinn and David L. Smith are set to be sentenced next week and could spend the rest of their lives in prison after being convicted of fraud, conspiracy and tax evasion earlier this year.
That's the sentence prosecutors want a judge to impose on the pair—formerly partners at the Albany, N.Y.-based brokerage firm of McGinn, Smith & Co., which conducted dealings in the alarm industry—when they appear in court on Aug. 7, according to the Time Union, an...
This Blog's on Fire (And Other Stuff)
Will security investors McGinn and Smith do time?
May 29, 2013Tess Nacelewicz
Security industry investors Timothy McGinn and David L. Smith are set to be sentenced next month and could face years in prison after being convicted of fraud earlier this year. But whether they'll be sent to prison or just get probation and how much the Albany, N.Y.-based brokers owe as a result of their fraudulent activities are questions that remain up in the air, according to a recent article from the Time Union, an Albany, N.Y.-based newspaper.
The two men are seeking leniency and having friends...
McGinn, Smith seek acquittal
March 1, 2013SSN Staff
ALBANY, N.Y.—Former Albany brokers Timothy McGinn and David Smith have filed motions asking a federal judge to overturn their convictions on fraud and tax evasion charges, according to an article from the Times Union, a newspaper based here.
Formerly co-owners of the Albany brokerage firm McGinn, Smith & Co., the two were convicted Feb. 6 of defrauding dozens of investors. The pair contend that evidence presented by the government did not support the jury's decision after a month-long trial...