FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA ~ Contributed & Written by Kenneth Rijock
FLORIDA PONZI SCHEMER SENTENCED TO TWELVE YEARS
Readers who were curious about how long convicted Ponzi schemer,
George Elia, would receive in his case now have an answer: twelve years
in Federal Prison for the $10m fraud. Elia, who made a brief apology at
sentencing, failed to invest his clients' money, as promised, and fled
to Cyprus when his investors filed a civil suit against him. When he
returned to the US, a year later, he was arrested.
The US Attorney requested a 25-year sentence; Elia's attorney asked for less than five years.
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