BRIDGEPORT, Conn. (AP) - A Venezuelan hedge fund manager is expected in a Connecticut courtroom to learn his sentence for running a massive investment fraud scheme involving hundreds of millions of dollars.

BRIDGEPORT, Conn. (AP) A Venezuelan hedge fund manager is expected in a Connecticut courtroom to learn his sentence for running a massive investment fraud scheme involving hundreds of millions of dollars.

Francisco Illarramendi (ee'-yah-rah-MEHN'-dee) pleaded guilty four years ago in what federal prosecutors have called their biggest white-collar criminal case ever in Connecticut.

Prosecutors are seeking a prison sentence of at least 12 years at a hearing Thursday in U.S. District Court in Bridgeport. Illarramendi argues he deserves no more than six months of home confinement in addition to the time he's already spent in jail.

Illarramendi is accused of reaping $20 million for himself as he ran a massive Ponzi scheme that exposed mostly foreign investors to more than $200 million in losses, much of it from Venezuela's state oil company.