The Real Deal Miami

Miami defendant to be sentenced

August 04, 2009 05:47PM

Federal prosecutors want a 400-year sentence for Miamian Edward Hugh Okun, convicted March 23 in Richmond for defrauding investors of $126 million. He owned two companies that offered to help clients defer taxes on capital gains from property sales, but he used the proceeds to buy a jet and a yacht and to throw himself a luxurious wedding.