By  on August 1, 2008

A Canadian citizen who fraudulently sold Gucci stock options to an unwitting investor was sentenced to more than four years in prison in federal court in Manhattan on Thursday.

Timothy Khan pleaded guilty in March to one count of securities fraud and one count of wire fraud. Judge Miriam Goldman Cedarbaum of the U.S. District Court for the Southern District of New York ordered Khan to serve 51 months in federal prison, serve an additional two years’ supervised release and pay more than $8.6 million in restitution.

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