October 7, 2022

After over a decade on the run, Baron Matson of Australia has been sentenced to 5 years in prison, ordered to pay $4.3 million in restitution, and ordered to forfeit $1.3 million for deceiving investors in Florida, Georgia, and Tennessee over twenty years ago.  Matson had misrepresented to investors that he and his father, Roger Matson—both operating under the surname Bronstein—earned large sums of money by betting on horse races, and that a $75,000 investment ahead of the 2000 Melbourne Cup would be guaranteed, with any profits distributed to investors after.  However, the Matsons disappeared with all the funds shortly after the race.  Baron Matson was discovered living under an alias in 2015, and after lengthy litigation, was extradited to the U.S. to face prosecution.  USAO MDFL

Tagged in: Financial and Investment Fraud,