Romanian Ex-Invest Fund Manager Vlas Sentenced To 8 Years In Jail For Fraud

The Bucharest Court on Friday sentenced the former investment fund manager Ioana Maria Vlas to eight years in prison for fraud in the case of the collapse of the National Accumulation Fund.

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The court also noted the charge of forgery falls under the statute of limitations.

The court withdrew some of Vlas’ rights for a five-year period after she serves her sentence. It also subtracted the nearly five years she already spent in custody.

The sentence may be appealed within ten days at the Bucharest Court of Appeals.

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