Robert Bradbury, the former chairman and chief executive officer of the now-defunct underwriting firm Dolphin & Bradbury Inc., was sentenced by a federal judge in Philadelphia yesterday to a 366-day prison sentence and ordered to pay a $10,000 fine in connection with his pleading guilty to one criminal count of securities fraud.

The charges stem from Bradbury having sold unsuitably risky notes to four Philadelphia-area school districts between 1998 and 2004 to finance a failed golf course, causing the districts to lose more than $10 million.

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