The Financial Post reports in its Thursday edition that a securities dealer who set up boiler rooms throughout the world in what gave rise to one of the U.S. government's largest penny stock fraud investigations has been sentenced to 6-1/2 years in prison. A Bloomberg dispatch to the Post says that Sandy Winick, a Canadian described as a "penny stock fraud kingpin," was accused of masterminding two schemes that fleeced investors of $140-million. First, he and associates allegedly peddled dubious stocks at pumped-up values. Then he victimized buyers again by selling them a promise to help recoup their losses in exchange for a fee. Mr. Winick was sentenced in Brooklyn Federal Court for a conspiracy charge related to the lesser of the two plots. In a memorandum filed in May, prosecutors asked that he receive as much as nine years in prison. Mr. Winick has been in U.S. custody since his arrest in 2013. His lawyers had asked he be sentenced to time served. "I don't know how that plays into the morality of it, but this scheme didn't affect U.S. citizens," Richard Rosenberg, Mr. Winick's lawyer, said. "He's an entrepreneurial sort, capable of putting his intelligence and entrepreneurial skills to good use in the future."