After hearing tearful requests for leniency, U.S. District Court  Judge Harold Baer in New York imposed prison sentences and fines Thursday on three former bankers convicted of rigging bids for municipal bond contracts.

Baer sentenced Steven Goldberg to four years on each count of conspiracy and wire fraud and fined him $90,000, while Peter Grimm and Dominick Carollo received three-year sentences for each count and $50,000 fines each.

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