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Benzinga
Benzinga
Technology
Erica Kollmann

Financial Crime Weekly: CEO Sentenced To 51 Months In Prison, Kiromic BioPharma Charged With Failure To Disclose Material Information

Kiromic BioPharma Prison SEC

Man Sentenced To 51 Months In Prison For Fraud, Ordered To Pay $6.1 Million 

Mykalai Kontilai, a 55-year-old Las Vegas resident, was sentenced on Thursday to 51 months in prison and ordered to pay $6.1 million in restitution for his involvement in a long-running fraud scheme. Kontilai, who previously went by Michael Contile, orchestrated an investment fraud through his company, Collector’s Coffee Inc., also known as Collector’s Café. 

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