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Santa Barbara News-Press : SB man gets nine years in Ponzi scheme

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SB man gets nine years in Ponzi scheme


April 11, 2011 1:42 PM

A Santa Barbara man who promoted a bogus investment scheme promising quick returns through the resale of office equipment was sentenced today to 108 months in federal prison for orchestrating a Ponzi scheme that caused victims across the United States to lose more than $8 million.



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