NEW YORK (AP) — A former adjunct professor at New York City's Columbia Business School who defrauded investors in his company of more than $3 million has been sentenced to two years in prison.
Gregory Rorke was sentenced Friday at federal court in Manhattan. He pleaded guilty a year ago to securities fraud and wire fraud charges. The 63-year-old was arrested in 2014.
Prosecutors say he made false representations to at least 30 investors beginning in 2009. They say his investors included a former student.
The government says Rorke carried out the fraud while he led a Manhattan-based software company he founded.
U.S. Attorney Preet Bharara (bahr-AHR'-ah) says the former professor learned an important lesson in business ethics at his sentencing.
Columbia Business School hasn't responded to a request for comment.