Real estate exec gets 14 years for Ponzi scheme that lost investors nearly $200 million

A federal judge sentenced the head of an Irvine-based apartment investment firm to 14 years in prison Monday stemming from accusations that his firm morphed into a Ponzi scheme as the real estate market cratered eight years ago.
Michael J. Stewart,…Read more about Real estate exec gets 14 years for Ponzi scheme that lost investors nearly $200 million This post was shared via The Orange County Register – News Headlines : Irvine’s RSS Feed. Irvine Shredding Service

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