George Motz also served as president and CEO of Melhado, Flynn and Associates.
He resigned as Quogue mayor after pleading guilty last October in Central Islip.
admitted conducting a scheme known as "cherry-picking" from November 2000 to June 2005.
Prosecutors say he
secretly channeled more profitable stock trades into his
firm's own account and less profitable into his
The scheme generated about $2.2 million in accounts he
was ordered to begin serving his
sentence on June 30.