A 43-year-old Littlerock man was sentenced to four years in prison after admitting to defrauding 200 investors in an ostrich meat scheme, officials said Wednesday.
In a sentence handed down this week, U.S. District Judge Carlos R. Moreno also ordered Howard Freiberg to pay $1.6 million in restitution, according to Assistant U.S. Atty. Pamela Johnston.
Freiberg bought interests in some ostrich commodities from 1993 to 1995, Johnston said, but not in the amounts represented to investors. Freiberg then used the investments for vacations, and produced a concert for "Weird Al" Yankovic, she said.
At Freiberg's trial last summer, Dan Kerkoff told jurors he planned to use the money he made speculating on ostrich meat to send his son to college.