We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

ATM Investment Schemer Gets 8 Years For $80M Ponzi Plot

Law360 (April 25, 2011, 6:41 PM EDT) -- An alleged orchestrator of an ATM investment scam was sentenced in New York to more than eight years in prison Monday after his November conviction for helping to run the $80 million Ponzi scheme.

U.S. District Judge Thomas P. Griesa ordered Walter Netschi to spend 100 months in prison for his November conviction on one count of conspiracy and nine counts of wire fraud, U.S. Attorney Preet Bharara said Monday.

Along with his alleged co-conspirator Vance Moore II, Netschi solicited more than $80 million worth of...
To view the full article, register now.



Case Information

Case Title

Related  Case: 

Case Number



New York Southern

Nature of Suit

Date Filed

September 16, 2009

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.