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Kosher plant CEO Sholom Rubashkin sentenced to 27 years imprisonment

By Douglas A. Berman

This local newspaper entry, which is headlined "Sholom Rubashkin to receive 27-year prison sentence," reports on the severe sentencing outcome in a high-profile federal white-collar case out of Iowa.  Here are the early details: Sholom Rubashkin will receive a 27-year federal prison sentence on Tuesday for his leadership in the financial fraud scandal at Agriprocessors Inc., a judge declared today. U.S. District Judge Linda Reade will impose a 324-month prison term for the former eastern Iowa meat plant mogul, followed by 5 years of supervised release, according to a ruling filed this morning. She also will order Rubashkin to pay $18.5 million to First Bank Business Capital, the plant?s largest lender; $8.3 million to MB Financial Bank, another lender; and $3,800 to Waverly Sales, Inc...continue to full post

Full post as published by Sentencing Law and Policy on June 21, 2010 (boomark / email).