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February 20, 2011 5:30 pm

Brooklyn Rabbi Sentenced to Four Years in Prison

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Daily News – A Brooklyn rabbi convicted of extorting $4 million from a hedge fund was sentenced Friday to four years in prison.

Milton Balkany, 64, who headed a religious day school for girls in Borough Park, faced up to nine years in prison, but Manhattan Federal Court Judge Denise Cote said she took into account the rabbi’s good deeds.

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