The Hartford Business Journal reports that Richard Pinto, former Chairman of Oxford Collection Agency, has been sentenced to five years in federal prison and ordered to pay $12.3 million in restitution. As we mentioned in a blog post from last May, Pinto and his son pled guilty to a $10 million fraud scheme that involved diverting the money they collected. Pinto’s son, as well as three other former executives who pled guilty, are awaiting sentencing.
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