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Disgraced broker McGinn gets 15 years in federal prison

Richard S. Hartunian, U.S. Attorney for the Northern District of New York, walks up the steps of the federal courthouse in Utica this morning for the sentencing of Tim McGinn and David L. Smith.
Photographer: Patrick Dodson
Richard S. Hartunian, U.S. Attorney for the Northern District of New York, walks up the steps of the federal courthouse in Utica this morning for the sentencing of Tim McGinn and David L. Smith.
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Disgraced broker Timothy McGinn was sentenced to 15 years in federal prison this morning in U.S. District Court.

Judge David Hurd cited McGinn's arrogance" as what caused the downfall of his business and ultimately his conviction.

"You ran your business and you really didn't care about the rules as long as you provided for yourself and your preferred clients," he said before meting out his sentence.

McGinn was also ordered $5.9 million in restitution, ...

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