NEW HAVEN, Conn. (AP) — A Connecticut man has been sentenced to a year in prison for defrauding an investor in a new business venture out of about $200,000.
Leonid Pollak, of Greenwich, was sentenced Wednesday after pleading guilty in March to wire fraud and making illegal monetary transactions.
Federal prosecutors say the 59-year-old Pollak owned a Norwalk-based company that organized trade shows and expositions across the U.S.
Prosecutors say in 2013 he persuaded an acquaintance to invest money in a new business venture that would organize similar expositions in Ukraine.
Instead of using the money on the business, prosecutors say Pollak spent about $185,000 on unrelated expenses, including his home mortgage and private school tuition.
He was also ordered to pay restitution of more than $236,000.