May 23, 2019

Following his November 2018 conviction, Edwin Fujinaga was sentenced to 50 years in prison for his role in leading a $1.5 billion Ponzi scheme.  Fujinaga was also ordered to pay restitution of over $1 billion and forfeit more than $813 million.  Fujinaga solicited more than $1 billion in investments from residents of Japan, misrepresenting how the funds would be used.  USAO NV

Tagged in: Criminal Proceedings, Ponzi Schemes, Securities Fraud,