birth_place article_title birth_date known_for employer name occupation
new jersey martin a. armstrong
 01 november 1949 creator of the economic confidence model princeton economics international ltd martin a. armstrong chairman
martin a. armstrong

martin arthur armstrong -lrb- born november 1 , 1949 in new jersey -rrb- is the former chairman of princeton economics international ltd. .
he is best known for his economic predictions based on the economic confidence model , which he developed .
in september 1999 , armstrong faced prosecution by the securities and exchange commission and the commodity futures trading commission for fraud .
during the trial , armstrong was imprisoned for over seven years for civil contempt of court , one of the longest-running cases of civil contempt in american legal history .
in august 2006 , armstrong pleaded guilty to one count of conspiracy to commit fraud , and began a five-year sentence .
