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Henry Gherman

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BUSINESS
May 11, 1989
Financial Planner Gets 30 Years: A federal judge has sentenced a financial planner to 30 years in prison and ordered him to pay $12.9 million in restitution for swindling his clients out of untold millions of dollars. "To this day, substantial sums of money remain unaccounted for," noted U.S. District Judge Stanley Marcus, who sentenced Henry Gherman, 52, to all but five years of the maximum penalty. Gherman, a financial adviser for a group of prominent Miami Beach doctors, fled town last August with $4.4 million in cash.
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BUSINESS
May 11, 1989
Financial Planner Gets 30 Years: A federal judge has sentenced a financial planner to 30 years in prison and ordered him to pay $12.9 million in restitution for swindling his clients out of untold millions of dollars. "To this day, substantial sums of money remain unaccounted for," noted U.S. District Judge Stanley Marcus, who sentenced Henry Gherman, 52, to all but five years of the maximum penalty. Gherman, a financial adviser for a group of prominent Miami Beach doctors, fled town last August with $4.4 million in cash.
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NEWS
February 8, 1989
Financial planner Henry Gherman, who fled to the Far East last summer with nearly $10 million in investors' money, pleaded guilty in Miami to federal embezzlement and mail fraud charges. Under a plea bargain agreement negotiated by federal officials and Gherman's attorney, he faces a maximum penalty of 35 years in prison. Gherman, 52, also could be fined $1.75 million. The issue of restitution depends on bankruptcy court proceedings, according to U.S. Atty. Jeffrey Crockett.
NEWS
February 8, 1989
Financial planner Henry Gherman, who fled to the Far East last summer with nearly $10 million in investors' money, pleaded guilty in Miami to federal embezzlement and mail fraud charges. Under a plea bargain agreement negotiated by federal officials and Gherman's attorney, he faces a maximum penalty of 35 years in prison. Gherman, 52, also could be fined $1.75 million. The issue of restitution depends on bankruptcy court proceedings, according to U.S. Atty. Jeffrey Crockett.
NEWS
August 12, 1988 | Associated Press
A financial planner who managed investments for about 50 doctors has left town, leaving a note of apology and $25 million of his clients' money unaccounted for. Henry Gherman, 51, handled pension funds and personal investments and managed medical offices for South Florida clients who received copies of a handwritten letter of apology in the mail Wednesday. "By the time you receive this letter, I will be gone," the letters said. "I have run away."
NEWS
December 21, 1988 | Associated Press
An investment adviser who lived for weeks in plush hotels in the Far East after fleeing Florida in August returned in handcuffs to face charges of embezzling up to $20 million from his clients, authorities said. Henry Gherman, 52, was scheduled to appear at a preliminary hearing this afternoon on fraud and embezzlement charges before U.S. Magistrate Linnea Johnson. Gherman was extradited Tuesday after being jailed since October in Tokyo.
NEWS
October 9, 1988 | Associated Press
A financial planner who disappeared with $25 million and left notes of apology for his former clients was arrested as a fugitive Saturday in Japan after being expelled from Taiwan, FBI agents said. Henry Gherman, 52, has been a fugitive since August on charges of embezzlement and mail fraud. When he was arrested by FBI agents as he got off a plane in Tokyo, Gherman was carrying $20,000 to $30,000 in U.S.
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