2nd Fraud Scheme Gets Texan 25-Year Sentence
By Melissa Lipman ( March 5, 2010, 7:13 PM EST) -- A federal judge has sentenced a Texas businessman accused of running a Ponzi scheme — his second securities scam in 10 years — to the maximum 25 years in prison Friday and ordered him to pay nearly $60 million in restitution after he pled guilty to money laundering and securities-related charges....
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