GKN Secures Year-and-a-Day Sentence for Entrepreneur Convicted of $17.8 Million Bank and Wire Fraud

In August 2025, an SDNY jury found a GKN client guilty of wire fraud, bank fraud, and two violations of 18 U.S.C. 1957 engaging in monetary transactions in property derived from specified unlawful activity. Although those convictions carried an 80-year statutory maximum, Probation recommended over eight years in prison and five years of supervised release, and the USAO asked for five years in prison, on May 27, 2026, the Honorable Lorna G. Schofield sentenced the client to 366 days in prison and two years of supervised release. GKN Head of Litigation Kari Parks led a team of associates in defending the client from his 2023 arrest through the jury trial and sentencing.