Three former employees of CDR Financial Products Inc. who cooperated with the government's investigation into municipal bond bid-rigging were given prison terms ranging from six months to 18 months.

U.S. District Judge Harold Baer Jr. today sentenced CDR's former chief financial officer Z. Stewart Wolmark, ex-vice president Evan Zarefsky and former employee Matthew Rothman in separate hearings in Manhattan federal court. Wolmark got 18 months in prison, Zarefsky eight and Rothman six.

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