BioCentury
ARTICLE | Financial News

Burrill gets 30 months in prison for fraud

December 5, 2018 11:55 PM UTC

A federal court sentenced G. Steven Burrill to 30 months in prison for tax evasion and defrauding investors in a scheme to siphon money from the Burrill Life Sciences Capital Fund III. The U.S. District Court of the Northern District of California delivered the sentence Tuesday. Burrill is to surrender by March 4.

Burrill plead guilty to the two counts last December, each of which could have carried a maximum penalty of five years prison. Under the original indictment, which included 31 counts of fraud, Burrill had faced up to 30 years prison time and $750,000 in fines. ...