Tuesday, April 30, 2013
Dina Wein Reis gets 19 months for corporate fraud
A federal judge in Indianapolis also ordered Dina Wein Reis on Tuesday to pay $7 million in restitution to her victims and fined her $1 million. Reis had pleaded guilty in May 2012 to a federal charge of conspiracy to commit wire fraud.
The Indianapolis Star reports Reis will remain free pending her placement in a federal facility.
Prosecutors said Reis swindled companies in Connecticut, Indiana, Missouri, New Jersey and Kentucky out of at least $20 million.
Reis could have faced up to five years in prison, but her plea agreement capped her sentence at no more than 31 months.