July 3, 2018
Posted July 17, 2018
A New York attorney was sentenced to seven years in prison for defrauding investors in a Ponzi-style scheme he created. He was also required to pay just over $2 million in restitution to his investors. Like the namesake scheme, this one relied on using new investors to pay out the supposed returns of the initial investors. USAO WDNY
Tagged in: Misrepresentations, Ponzi Schemes, Securities Fraud,