A Florida man, the former CEO and chairman of a now-bankrupt multinational pharmaceutical company, was sentenced this week to 30 years in prison (followed by five years of supervised release) for his role in a $100 million scheme to defraud Westernbank of Puerto Rico.
Jack Kachkar, 56, was sentenced by U.S. District Judge Donald Graham of the Southern District of Florida. Judge Graham also ordered the defendant to pay $103,490,005 in restitution to the Federal Deposit Insurance Corporation, as receiver for Westernbank.
