U.S. District Judge Victor Bolden in Bridgeport sentenced Joseph McAndrew to 30 days in jail and six months of home confinement.
December 13, 2016 at 05:10 PM
1 minute read
The former CEO of a New York City-based venture capital firm was sentenced by a Bridgeport federal judge Monday to 30 days in jail for stealing more than $300,000 in upfront fees from clients and spending it on car payments, meals and other personal expenses.
Pawcatuck resident Joseph McAndrew, 75, was charged with defrauding clients over a seven-year period. He pleaded guilty in April to one count of wire fraud.
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