Axelrod Awaits Sentencing, Could Get Three Years

New Jersey philanthropist Herbert Axelrod, who pled guilty to tax evasion and has been accused of defrauding the New Jersey Symphony in the $17 million sale of a collection of supposedly rare string instruments, will be sentenced for his crimes on Monday, and faces a possible 3-year prison sentence. The 77-year-old Axelrod fled the U.S. shortly after being indicted, and was eventually captured in Germany.