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Posted February 16. 2017 4:38PM

Iranian crook who destroyed North Country papermill to be released early from federal prison

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The former papermill in Berlin is now a biogeneration plant. (JOHN KOZIOL/Union Leader Correspondent)

Found guilty in 2005 of engineering a $300 million fraud that lead to the collapse of his company, the 72-year old Gabayzadeh was sentenced in U.S. District Court in Central Islip, N.Y., to serve 15 years in prison. With time off for good behavior and for completing a drug course, he is scheduled to be released on May 7.