The former President and CEO of Sunwest Management Inc. has to pay $74 million in restitution to 1,488 investors whose money he misused, after an order from an Oregon federal court.
Jon Harder pleaded guilty to one count of wire fraud and one count of money laundering in 2015. At sentencing, the court said that the scope of his scheme exceeded the counts of conviction and found him responsible for actual losses exceeding $120 million. Some victims have already been compensated by the receiver handling Sunwest’s bankruptcy proceedings.
Then-President Donald Trump commuted Harder’s 15-year prison sentence to time served in ...
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