2 total
Financial advisor sentenced to 5.5 years for $1.8 million breach-of-trust fraud.
The offender, a financial advisor, pleaded guilty to defrauding 25 victims of over $1.8 million over a seven-year period.
The court found the offending to be a grave breach of trust involving sophisticated planning, forged documents, and vulnerable victims.
Emphasizing denunciation and general deterrence, the court sentenced the offender to 5.5 years in a federal penitentiary, ordered restitution of over $560,000, imposed a fine in lieu of forfeiture of over $1.3 million, and issued a 20-year prohibition order.
Offender sentenced to 46 months' imprisonment and ordered to pay $1.45M restitution for large-scale fraud.
The offender was convicted by a jury of fraud over $5,000, possession of proceeds of crime, and uttering a forged document in relation to a $1.8 million cross-border advance fee scam.
The court found the offender was a directing mind of the fraud, which had a devastating financial and personal impact on the victim.
The court sentenced the offender to 46 months' imprisonment, taking into account the harsher prison conditions due to the COVID-19 pandemic.
The court also ordered restitution of approximately $1.45 million, a fine in lieu of forfeiture of approximately $1.86 million, a DNA order, and a 10-year prohibition order.
