Conspirator In Conn. Ponzi Scheme Gets 14 Months

Law360, New York (January 27, 2012, 10:34 PM EST) -- A federal judge on Friday sentenced a Venezuelan man to 14 months in prison after he admitted to hindering a U.S. Securities and Exchange Commission investigation of a Ponzi scheme by Connecticut hedge fund adviser Francisco Illarramendi.

Juan Carlos Horna Napolitano, 41, was also ordered to forfeit $935,000 he received from Illarramendi to fake documents, and sentenced to two years of supervised release by U.S. District Judge Stefan R. Underhill, according to the U.S. Attorney’s office for the District of Connecticut.

“The U.S. attorney’s office, FBI...
To view the full article, register now.



Case Information

Case Title

USA v. Garay Marquez

Case Number



Texas Western

Nature of Suit


David Briones

Date Filed

January 12, 2011

Law Firms

Government Agencies

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.