Fairfield County Stockbroker Sentenced in Fraud Case
Note: this press release was issued by the Division of Criminal Justice
and not by the Department of Banking.
August 31, 1999 -
Chief State's Attorney John M. Bailey announced the sentencing today in Norwalk Superior Court of Brian Lenihan, age 48, of Stamford, CT. Mr. Lenihan had previously entered guilty pleas to three counts of Larceny in the First Degree, one count of Forgery in the Third Degree, and two violations of the anti-fraud provisions of the Connecticut Uniform Securities Act
Judge Eddie Rodriguez sentenced Mr. Lenihan to 8 years incarceration, execution suspended after serving two years, followed by 5 years probation. Mr. Lenihan was also ordered to make restitution to his clients while on probation. According to the arrest warrant affadivit, Mr. Lenihan, d.b.a. Lenihan Investments, failed to disclose material information to his clients, filed false documents and forged clients' signatures in a scheme to embezzle monies in excess of $100,000 from his clients.
The case was investigated by the Securities and Business Investments Division of the Connecticut Department of Banking, the Chief State's Attorney's Office, the Stamford Police Department and the Norwalk Police Department.
The case was prosecuted by members of the Economic Crime Unit of Mr. Bailey's office.
Related link - Cease and Desist Order against Brian Lenihan