- Associated Press - Friday, May 13, 2016

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.

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