Man sentenced to 90 years in Ponzi scheme
Jan. 6, 2010
SANTA ANA, Calif.,
Jan. 6 2010 (UPI)
A California man who cheated 124 elderly investors out of more than $11 million received a 90 year, eight month, prison sentence, court records indicated.
The sentencing in Santa Ana, Calif., of Jeffrey Gordon Butler, 51, of San Juan Capistrano -- who was convicted in June of 694 felony counts of stealing by illegally selling unqualified securities and filing fraudulent tax returns -- culminated one of the largest elder-abuse cases ever tried in Orange County, the Orange County Register reported Tuesday.
Butler bilked 124 elderly investors of the money through a Ponzi scheme, the Register reported.
Abridged
SOURCE: UPI NEWS
_________________________________________
Click for Updates, More Cases and Resources
Search Right Col/Labels for More Posts/Resources
No comments:
Post a Comment