Internet fraudsters get jailed

Date: January 30, 2007
Source: southflorida.bizjournals.com


Defendants in an Internet and securities fraud case have been sentenced to jail and to pay a total of $14.8 million in restitution.

The Honorable James I. Cohn sentenced Bernard Roemmele and Steve Hein in Fort Lauderdale.

Roemmele was sentenced to 12 years in jail, to be followed by three years of supervised release.

Hein is to serve four years in jail, followed by three years of supervised release.

Both men must pay the restitution.

In one of the largest Internet fraud cases to be prosecuted in the Southern District of Florida and after a six-month trial, Roemmele and Hein were convicted in August of RICO conspiracy and conspiracy to commit money laundering, as well as conspiracy to commit mail and wire fraud.
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