Kickback Recipient Sentenced in Tax Case
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A labor union pension fund consultant has been sentenced to four months in federal prison and four months of home detention for failing to declare as income a kickback he received on a $7-million loan to a real estate developer.
Robert A. Ferrante, 55, of Newport Beach also was fined $10,000 and ordered to pay $243,945 in restitution -- the amount of the kickback -- to the Southern California, Arizona and Nevada Glaziers, Architectural Metal and Glassworkers Pension Plan.
No one connected with Senior Care Inc., the firm that paid the kickback, has been charged.
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