Investment Fraudster To Serve 9 Years, Pay $30M
U.S. District Judge James S. Gwin of the Northern District of Ohio sentenced Enrique F. Villalba on Wednesday to 105 months in prison for managing the fraudulent investment fund that left 26 investors $29.7 million poorer. Villalba must also pay $30.5 million restitution.
According to the opinion, the restitution will consist of 25 percent of Villalba's earnings...
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