Ponzi scheme gets adviser 10 years
July 14, 2011
Total Loss:
$12.9 Million
Dante DeMiro, 44, a Milford investment adviser who ran a Ponzi scheme that bilked millions of dollars from clients, was sentenced Tuesday to 10 years in federal prison and ordered to pay more than $12.9 million in restitution. He pleaded guilty in April to bank and wire fraud charges.
Source:
Detroit Free Press
Posted in:
ACH and Wire Fraud