Larry Gerrans (Larry Gerrans)

Larry Gerrans (Larry Gerrans)

Biography

2020: 11 years of prison for money muling

In the middle of November, 2020 the former president and the chief executive officer of the Sanovas company making tools for gynecologic transactions were sentenced to more than 11 years (135 months) of imprisonment for fraud using electronic means and for money muling.

The circuit judge of the USA pronounced a conviction to 49-year-old Larry Gerrans after two-week judicial proceedings in San Francisco. Jurors also found Gerrans in the criminal way, guilty of assignment of property, providing false data in state bodies, disrespect for court and bribery of witnesses.

The court proved that in 2015 Gerrans transferred more than $2.6 million from Sanovas funds to himself and two companies under control of it - Halo Management Group and Hartford Legend Capital Enterprises. Gerrans used this money to purchase the house in San Anselmo (California) for $2.57 million according to federal prosecutor's office, not less than $2.3 million from this money were washed through Hartford Legend company, and then transferred to the account of conditional deposition for purchase of the house.

Gerrans also used money which withdrew from a retirement account of the company in 2013 and 2014 to purchase Maserati and a ring with diamond and also to pay lease. Asked recently created Board of Directors of Sanovas company to compensate to it the spent means later. The prosecutor's office also produced the evidence that in 2017 Gerrans used the Sanovas corporate credit card for payment of the timeshare in the amount of $44000, $12500 for a carpet for the house and $32000 for payment of the real estate duties.

Besides, Gerrans provided to FBI false documents during criminal investigation and when charge on case was for the first time brought to him, he violated the condition of pledge ordered by court and tried to influence the witness.^[1]

Notes