Federal and International

Houston Investment Manager Sentenced to 56 Months in Prison for Orchestrating $72 Million Ponzi Scheme

Washington, DC—(ENEWSPF)—December 18, 2014. A Houston investment manager was sentenced yesterday to serve 56 months in prison for orchestrating a $72 million investment fraud scheme resulting in approximately $40 million in losses to investors.

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Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, Acting U.S. Attorney Carlie Christensen of the District of Utah, Special Agent in Charge Mary Rook of the FBI’s Salt Lake City Field Office and Special Agent in Charge…

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