Murphy said Reidy has no prior criminal history and had waived appeal as part of the agreement.
Three victims of the defendant spoke at the sentencing. Kathleen Armer noted he was "convincing, calculating, and manipulative," and another victim, an attorney in Saratoga Springs, James Doyle, Esq. said he was "profoundly disappointed by the lack of integrity and honesty that (Reidy) displayed," according to information from Murphy's office. The third victim, Theresa Olson-Hoffman mentioned how the actions of the defendant damaged her credit and significantly affected her life.
"White collar crime takes enormous resources and time to investigate charge and prosecute ... this case took more than a year to resolve, due to the number voluminous records and the mathematical gymnastics that Reidy played," said Murphy in a statement.
According to information from Murphy's office, Reidy had a home worth more than $600,000 in Wilton, a BMW, a Lincoln and an interest in property in Tobago, in the Caribbean.""