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News@lemmy.worldEnglish · 1 day ago

Leader of Real Estate Investment Firm Sentenced to 12 Years in Prison for Role in $658 Million Ponzi Scheme and Multimillion-Dollar Tax Evasion Conspiracy

www.justice.gov

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Leader of Real Estate Investment Firm Sentenced to 12 Years in Prison for Role in $658 Million Ponzi Scheme and Multimillion-Dollar Tax Evasion Conspiracy

www.justice.gov

Joker@sh.itjust.works to

News@lemmy.worldEnglish · 1 day ago

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NEWARK, N.J. – The shadow chief executive officer of National Realty Investment Advisors LLC (NRIA) was sentenced today to 144 months in prison for orchestrating a scheme to defraud more than 2,000 investors in a $658 million Ponzi scheme and conspiring to evade millions of dollars in tax liabilities.

The shadow chief executive officer of National Realty Investment Advisors LLC (NRIA) was sentenced today to 144 months in prison for orchestrating a scheme to defraud more than 2,000 investors in a $658 million Ponzi scheme and conspiring to evade millions of dollars in tax liabilities, U.S. Attorney Philip R. Sellinger announced.

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Trumps next pick to head the IRS?

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