Calif. U.S. Attorney: Moreno Valley Man Sentenced to More Than 15 Years in Prison for Ponzi Scheme That Drew in More Than $24 Million From Victims
August 27, 2024
August 27, 2024
RIVERSIDE, California, Aug. 27 -- The office of the U.S. Attorney for Central District of California issued the following news release on Aug. 26, 2024:
A Riverside County man was sentenced today to 188 months in federal prison for running a Ponzi scheme that lasted nearly 20 years and fraudulently obtained more than $24 million from at least 200 investors.
Paul Horton Smith Sr., 61, of Moreno Valley, was sentenced by United States District Judge Jesus G. Bernal, who al . . .
A Riverside County man was sentenced today to 188 months in federal prison for running a Ponzi scheme that lasted nearly 20 years and fraudulently obtained more than $24 million from at least 200 investors.
Paul Horton Smith Sr., 61, of Moreno Valley, was sentenced by United States District Judge Jesus G. Bernal, who al . . .