Miami resident, Jack Connor Ridall, has been sentenced to 30 months in prison for executing an investment fraud scheme, according to the Justice Department Monday.
Ridall, who operated Stratcapital LLC, Guss Capital LLC, and Guss Actium Manager LLC, defrauded at least three people out of $735,000 by falsely claiming to use their money for investments.
However, Ridall actually used the funds to pay for luxury retail purchases, hotel stays, restaurants, and transfers to family members, said the DOJ.
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