Knight Gets 14 Years For $33M Ponzi Scheme

Law360, New York (December 9, 2009, 6:50 PM EST) -- Convicted con artist Paul E. Knight was sentenced on Wednesday to 14 years in prison for his role in a $33 million Ponzi scheme that snagged investors in the United States, Costa Rica and Germany.

Judge Charles J. Siragusa of the U.S. District Court for the Western District of New York also ordered Knight to begin paying restitution to the 27 victims of the scheme.

Knight, along with Violette Gail Eldridge and John L. Montana Jr., allegedly engaged in a conspiracy to defraud investors through supposedly...
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