Robert L. Miller, who once worked as a lawyer with the SEC, was sentenced to two years' probation for helping New York law firm founder Marc Dreier defraud hedge funds.
U.S. District Court Judge Kimba Wood imposed the sentence Wednesday in New York.
Mr. Miller pleaded guilty to impersonating a representative of the C$96.4 billion (US$91.9 billion) Ontario Teachers' Pension Plan, Toronto, and an Icelandic hedge fund official as part of Mr. Dreier's scheme to sell a phony $44.7 million note. Mr. Miller said Mr. Dreier paid him $100,000.
Mr. Miller's lawyers said in court papers that he “began spiraling down into the abyss of alcoholism and mental illness” before agreeing to help Mr. Dreier. Mr. Miller has cooperated with prosecutors, his lawyers said.
Mr. Dreier is serving a 20-year sentence in federal prison in Minnesota. He admitted selling at least $400 million in phony notes to hedge funds to pay for his lavish lifestyle and prop up his now-defunct 250-lawyer firm, Dreier LLP.
Another admitted accomplice, former broker Kosta Kovachev, was sentenced to 46 months in prison in March.