By  on April 29, 2009

A federal judge on Wednesday sentenced the former chief executive officer of Friedman’s Inc. and its Crescent Jewelers affiliate to a 12-year prison term for securities fraud, mail fraud and conspiracy.

According to the U.S. Attorney’s office, Bradley Stinn led a multiyear conspiracy that exaggerated the national jewelry chain’s financial performance and hid from investors its “serious problems” collecting on hundreds of millions of dollars in jewelry it sold on credit.

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