A former top Paine Webber Inc. broker...
A former top Paine Webber Inc. broker has been sentenced to six months in prison for conspiracy and creating phony brokerage records after pleading guilty to an additional tax evasion charge. Gary Eder, 42, of Woodmere, N.Y., pleaded guilty to one count of income tax evasion for taking more than $397,000 in false charitable deductions from 1980 through 1986. Eder, a former Paine Webber vice president before he resigned in February, also was fined a maximum $510,000 and placed on five years’ probation. Eder admitted conspiring with two other officials at a Manhattan Paine Webber office to help clients filter money into their accounts without filing required documents for single cash deposits exceeding $10,000.
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