Florida woman who led a nearly $200 million Ponzi scheme sentenced to 20 years in prison

Florida woman who led a nearly $200 million Ponzi scheme sentenced to 20 years in prison

From cnbc.com

A Florida woman who pleaded guilty in a Ponzi scheme that raked in nearly $200 million was sentenced Tuesday to 20 years in prison. Johanna Garcia, 41, of Broward County, received the maximum possible sentence for one count of conspiracy to commit wire fraud and mail fraud. Twenty-eight other counts from her indictment were dismissed, according to court filings in U.S. District Court for the Southern District of Florida. Judge Jose Martinez also sentenced Garcia to three years of supervised release and a $100 special assessment, plus additional restitution that will be determined March 3, according to the case ... (full story)

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Dec 4, 2024 3:20am

Quoting The Fool

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Thank God we will now be getting rid of the SEC, the CFTC, and all their oppressive regulations so that entrepreneurs like this can make America Great Again!

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You really should look at your moral values as a Ponzi scheme is a form of fraud

MaverickCT

Dec 4, 2024 7:16am

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Quoting Vancarbon

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{quote} Maverick he was saying it sarcastically, you’re actually agreeing with him. If you remove the regulatory framework then this will occur more often. Maybe read what he wrote and view it in this context.

Ignored

As I see it there is no indication of it being sarcasm, so my comment stands
If you remove the regulatory framework corruption will have a field day

procrude

Dec 3, 2024 8:05pm

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I bet The Wizard of Lies was her fav movie.

The Fool

Dec 4, 2024 1:51am

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Thank God we will now be getting rid of the SEC, the CFTC, and all their oppressive regulations so that entrepreneurs like this can make America Great Again!

teprewitt23

Dec 4, 2024 8:09am

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Quoting The Fool

Disliked

Thank God we will now be getting rid of the SEC, the CFTC, and all their oppressive regulations so that entrepreneurs like this can make America Great Again!

Ignored

what an appropriate username you have chosen

teprewitt23

Dec 4, 2024 8:10am

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Quoting MaverickCT

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{quote} As I see it there is no indication of it being sarcasm, so my comment stands If you remove the regulatory framework corruption will have a field day

Ignored

i got it maverict that was directed to underdog lol......