December 20, 2022
Following his conviction on charges related to his direction of a Ponzi scheme and the fraudulent sale of purported N95 masks during the pandemic, Christopher Parris was sentenced to 20.3 years in prison. In the Ponzi scheme, which collapsed in 2018, Parris and co-conspirators – including Perry Santillo, obtained at least $115.5 million from approximately 1,000 investors, with claims that they were investing in a diversified investment portfolio when, in fact, very little investor money was deployed in productive investments. Parris also pleaded guilty to charges that he defrauded the U.S. Department of Veterans’ Affairs and others between February and April, 2020, by falsely representing that he was able to obtain brand-name N95 masks directly from authorized sources in the United States, when in fact, he had no ready access to such masks or other PPE. Parris obtained upfront payments totaling approximately $7.4 million from at least eight clients, knowing that he had no access to or ability to obtain or deliver the PPE. DOJ; USAO WD NY
Tagged in: COVID-19, Criminal Proceedings, Ponzi Schemes,