According to the indictment filed on July 31, Risan, 70, allegedly offered and sold stock and stock conversion in his software company, Media Rights Technologies, Inc., and his music streaming service, BlueBeat, Inc., to investors based on false representations, including false claims of BlueBeat's copyright ownership of approximately 2.5 million songs by various well-known artists.
Girardi, who has been diagnosed with Alzheimer's, was sentenced to seven years and three months in federal prison after being convicted of four counts of wire fraud.
Fernandes Anderson, seen in surveillance footage moving furniture from City Hall before pleading guilty to charges, faces a year in jail and restitution.