May 12, 2015
Posted January 25, 2016
Garfield M. Taylor was sentenced to 13 years in prison and ordered to pay over $28.6 million in restitution for operating a Ponzi scheme that resulted in investors losing money they invested with Taylor and companies he controlled. In a parallel action, the SEC obtained a civil judgment against Taylor for his fraudulent conduct. DOJ
Tagged in: Ponzi Schemes,