Two executives from a financial group involved in a Ponzi scheme that defrauded thousands of victims in Georgia have received prison sentences. One of the executives expressed remorse, stating he felt like a 'coward' for his actions. The scheme is noted as the largest Ponzi scheme in the state's history, amounting to $380 million.
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Executives Sentenced for Involvement in $380 Million Ponzi Scheme in Georgia
Two executives from a financial group have been sentenced for their roles in a Ponzi scheme that defrauded thousands of victims in Georgia. The scheme, which totaled $380 million, is recognized as the largest of its kind in the state.
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Georgia executives handed light sentence for role in historic $380M Ponzi scheme: ‘I was a coward’
Executives Sentenced for Involvement in $380 Million Ponzi Scheme in Georgia