Manhattan District Attorney Cyrus R. Vance, Jr., today announced the sentencing of ADAM HOCHFELDER, 39, to 2 and 2/3 years to 8 years in state prison, and is required to pay $9.5 million in restitution to his victims. On May 21, 2010, HOCHFELDER pled guilty to six counts of Grand Larceny in the First Degree, six counts of Grand Larceny in the Second Degree, three counts of Grand Larceny in the Third Degree, and three counts of Scheme to Defraud in the First Degree, in connection with his theft of more than $18 million from a host of banks and individuals, as charged in two separate indictments.

“HOCHFELDER held himself out as a legitimate businessperson while systematically violating his victims’ trust,” said District Attorney Vance. “In addition to prison time, we aggressively pursued restitution so that this defendant’s many victims can start to rebuild.”

District Attorney Vance thanked Assistant District Attorney Tanya Apparicio of the Major Economic Crimes Bureau, who worked on this case under the supervision of Richard Weber, Chief of the Major Economic Crimes Bureau, Principal Deputy Chief Gary Fishman, Deputy Chief Micki Shulman, and Senior Investigative Counsel Michael Kitsis.  Trial Preparation Assistant Ariela Rosenberg and Financial Analyst Jay Liang also assisted.  Senior Investigator Patrick McKenna of the District Attorney’s Office’s Investigation Bureau worked on the case under the supervision of Assistant Chief Investigator Walter Alexander and Deputy Chief Investigator Thomas Jackson.

Defendant Information:

ADAM HOCHFELDER, D.O.B. 4/4/1971
New York, NY

Charges:

•    Grand Larceny in the First Degree, a class B felony,  six counts
•    Grand Larceny in the Second Degree, a class C felony, six counts
•    Grand Larceny in the Third Degree, a class D felony,  three counts
•    Scheme to Defraud in the First Degree, a class E felony, three counts

Sentenced:
•    2 and 2/3 years to 8 years