Live Breaking News & Updates on Criminal Division Deputy Chief Daniel Shapiro

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A securities trader from Clifton was sentenced Tuesday to 18 months in federal prison for orchestrating a market manipulation scheme that netted him and others more than $17 million, authorities said.
Joseph Taub, 41, must serve the entire term because there’s no parole in the federal prison system.
U.S. District Judge John Michael Vazquez also sentenced Taub via teleconference from Newark to one year of supervised release, while ordering him to forfeit $17.1 million and pay restitution of $394,424 to the IRS.
The Department of Justice also has reached a settlement of a civil forfeiture case against assets acquired by Taub and his family as a result of the scheme, U.S. Attorney Craig Carpenito said. ....

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