NEW : Allan Chernoff made withdrawals in December and up to 20 years . NEW YORK ( CNN ) -- Money taken from Massachusetts company `` intertwined '' with New York company . house faces one charge of securities fraud and could face up to 20 years in prison .
NEW : Allan Chernoff made withdrawals in December and up to 20 years . Money taken from Massachusetts company `` intertwined '' with New York company . house faces one charge of securities fraud and could face up to 20 years in prison .