Acting Texas U.S. Attorney: Ponzi Scheme Operator Sentenced, Ordered to Pay $13M in Restitution
May 22, 2021
May 22, 2021
DALLAS, Texas, May 22 -- The Acting U.S. Attorney for the Northern District of Texas, Prerak Shah, issued the following news release on May 21, 2021:
A McKinney man who ran a Ponzi scheme has been sentenced to five years in federal prison and ordered to pay $13 million in restitution to his victims, announced Acting U.S. Attorney for the Northern District of Texas Prerak Shah.
Patrick O. Howard - owner of Insured Liquidity Partners CGF I, Insured Liquidity Partners CGF . . .
A McKinney man who ran a Ponzi scheme has been sentenced to five years in federal prison and ordered to pay $13 million in restitution to his victims, announced Acting U.S. Attorney for the Northern District of Texas Prerak Shah.
Patrick O. Howard - owner of Insured Liquidity Partners CGF I, Insured Liquidity Partners CGF . . .