Dallas Financier Gets 25 Years In $50M Fraud Case

Law360, New York (March 14, 2011, 5:51 PM EDT) -- Dallas financier Jeffrey Charles Bruteyn was sentenced to 25 years in prison Monday for bilking investors out of more than $50 million by claiming to be an investment guru with a slew of college degrees.

Bruteyn, formerly the managing director of now-defunct AmeriFirst Funding Corp. and AmeriFirst Acceptance Corp., was convicted in April of nine counts of securities fraud in the U.S. District Court for the Northern District of Texas. He had faced a maximum sentence of 20 years in prison and a $5 million fine...
To view the full article, register now.