On April 30, 2012, Samuel “Mouli” Cohen was sentenced to 22 years in prison stemming from charges that he defrauded investors out of $35 million. Federal prosecutors sought a 30 year sentence.
In November 2011 Cohen was convicted of 15 counts of wire fraud, 11 counts of money laundering and three counts of tax evasion.
In addition to his 22 year sentence, the Court ordered a $31,422,403 judgment against Cohen.
As previously reported, a background investigation on Samuel “Mouli” Cohen would have identified multiple “red flags” that could have saved investors millions of dollars.
- Samuel “Mouli” Cohen Sentencing Delayed to April 2012
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- “Red Flags” You Should Have Seen – A Look Back at Mouli Cohen