Ex-Boeing Employee Gets 3 Years Over $4M Scam

Law360, New York (October 22, 2010, 6:38 PM EDT) -- A former Boeing Co. mechanic was sentenced on Friday to three years in prison and $2.2 million in restitution for allegedly running a $4 million Ponzi scheme premised on a bogus aircraft refurbishment company.

Lorenzo V. Molina, of Sammamish, Wash., pled guilty in June to single counts of mail fraud and making a false statement, according to court documents filed in the U.S. District Court for the Western District of Washington.

Molina allegedly induced investments of $3.97 million by telling investors he ran Commercial Aviation Services,...
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