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Crown Forex S.A - Major Stakeholder Sentenced To 25 Years Of Prison

Posted on August 25, 2010 at 19:04 in Forex, Personal, Winds of change in Switzerland by Francesc

Hi everyone

Well… the guy got 25 years… I hope this strong sentence will discourage others to steal people’s money.

Thanks to Mr. B. Mayo for sending the article!

Francesc

Ponzi Scammer Headed for Prison
Investors swindled out of $158 million in ‘tawdry and cheap’ scheme
Trevor Cook of Apple Valley, Minnesota, has been sentenced to a long prison term for orchestrating a Ponzi scheme that collectively cost more than 900 investors $158 million.
United States District Court Judge James M. Rosenbaum sentenced Cook to 25 years in prison on one count of mail fraud and one count of tax evasion in connection to the crime. In imposing the sentence, Judge Rosenbaum described Cook’s offense as “wretched, tawdry, and cheap.” Cook was charged on March 30, 2010, and pleaded guilty on April 13, 2010.

Tags: Crown Forex, Trevor Cook

One Response to “Crown Forex S.A - Major Stakeholder Sentenced To 25 Years Of Prison”

on 26 Aug 2010 at 2:44 pm1Tom

No money in the world would buy you 25 years of enjoying your peaceful life..

Anyone from the brokers volunteers to be next?
I too hope that this is a strong message..

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