Fraud schemes net 16-year sentence

400 victims, 20 properties in Ponzi, mortgage fraud scams

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Inman Connect New York | January 29 - February 1, 2019

A 63-year-old woman accused of organizing a Ponzi scheme and mortgage fraud ring has been sentenced to nearly 16 years in prison and ordered to pay more than $9 million in restitution after pleading guilty to wire fraud, mail fraud, and money laundering.