Ex-Durus manager Sacane sentenced to three years

Fri Feb 2, 2007



A Connecticut judge has sentenced Scott Sacane, the former star biotech analyst and manager of the $600 million Durus Life Sciences Fund, to three years in prison.

The ruling by Judge Alan H. Nevas is something of a win for Durus investors, who have waited for a court decision for the more than three years that have passed since Sacane's fraudulent scheme to drive up the prices...

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