Ex-Judge Sent to Prison for Money Laundering
Posted September 4, 2007 7:15 p.m. EDT
Updated September 5, 2007 12:50 a.m. EDT
Former federal prosecutor and state judge Sam Currin was sentenced to 70 months in prison Tuesday for his role in a securities fraud scheme.
Currin, 58, of Raleigh, pleaded guilty last November to money laundering and obstruction of justice. He also must serve three years on probation.
Currin admitted that he laundered about $1.4 million in proceeds from a securities fraud scheme run by a spam e-mail company. He also acknowledged that he later lied to a grand jury that began investigating the scheme and that he didn't report information on his tax return.
A group that included one of Currin's legal clients engaged in the scheme to manipulate the stock prices of several publicly traded companies through the use of spam e-mail, mass unsolicited faxes, Internet search optimization and voice mail broadcasting, prosecutors said. The scheme garnered millions, and prosecutors said Currin received more than $240,000 for his involvement.
Currin was the U.S. attorney for the Eastern District of North Carolina, which covers 44 counties from Raleigh eastward, from 1981 to 1987 and was a Superior Court judge from 1987 to 1990. He has been in private law practice since then and has been a leading figure in the state Republican Party.