Ex-Ukraine PM/Offshore banker receives nine-year prison-term

More than two years after being found guilty of several corruption-related charges by a United States jury, former Ukraine Prime Minister Pavlo Lazarenko has been sentenced to nine years in prison. Lazarenko, 53, was also fined $10 million at his sentencing hearing at the U. S. District Court for the Northern District of California on August 25, 2006. The sentencing proceedings are on-going, and the Court will address the restitution claims of victims and the United States' request for $22,846,000 in forfeiture at hearings on August 31, 2006 and September 29, 2006.