Boca Raton resident William Lieberman was sentenced to seven years in federal prison for leading a “pump and dump” penny stock fraud, according to prosecutors.
Lieberman, 42, pleaded guilty in May 2017 to conspiracy to commit mail and wire fraud and tax evasion. He was sentenced to prison and ordered to pay both $5.3 million in restitution to victims and $436,235 to the IRS on Friday by U.S. District Judge Jeffrey A. Meyer in New Haven, Connecticut.
