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Keyword: lawrencepenna

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  • Executive gets prison in stock, campaign case [Illegal contributions to Clinton and Torricelli]

    08/15/2002 7:42:53 PM PDT · by HAL9000 · 14 replies · 206+ views
    NorthJersey.com ^ | August 13, 2002 | HERB JACKSON
    NEW YORK - The former president of a defunct Hackensack brokerage firm was sentenced to nine months in prison Monday for making illegal campaign contributions to Sen. Robert G. Torricelli and former President Bill Clinton, as well as manipulating the prices of stocks. Lawrence Penna, 58, of Edgewater pleaded guilty in October 1999 to illegally funneling $20,000 to Torricelli's 1996 campaign and up to $12,000 to Clinton's reelection campaign by reimbursing "straw donors" after personally contributing the maximum. Federal election laws limit individuals to donating no more than $1,000 per election, and prohibit one donor from reimbursing another. Torricelli...