A Florida lawyer was just sentenced to 10 years in federal prison for alleged involvement in a money laundering and investment fraud scheme. This individual was originally charged in 2009, arrested in Nicaragua in 2013 and turned over to U.S. authorities. He reportedly pleaded guilty to charges in November 2013.
This individual along with other claimed co-conspirators were reported to have engaged in selling worthless stock to investors located in the United Kingdom. The investigation into this matter was said to have taken several years. They were claimed to have used telemarketers located mostly in Spain who then supposedly would prod individuals to wire money to bank accounts held in the Tampa Bay area. The lawyer was the last individual to be sentenced. In addition to jail time, he was also ordered to forfeit various properties and accounts and now also has a judgment of $42.5 million against him.
Continue reading Investment scheme conviction results in 10 year prison sentence
Comments: Leave a comment