Former Ulster County Official Jailed for $97K Looting

Former Ulster County Commissioner of Finance, Burton Gulnick Jr., has been sentenced to two years in jail for grand larceny. He stole over $97,000 from a non-profit organization and thousands of dollars from an election campaign bank account. Gulnick used the stolen funds for personal use and manipulated accounting records to cover his tracks. He was required to pay restitution and waive his appellate rights. The market impact is expected to be minimal.