A woman who claimed to be the chief executive officer of a Swedish financial institution and promised investors substantial returns was sentenced Feb. 2 to more than 12 years in federal prison for participating in a $24 million Ponzi scheme (United States v. Nguyen, C.D. Cal.sentencing).
In addition to the 151-month prison sentence, Judge Josephine L. Staton ordered Bich Quyen Nguyen to pay more than $24.5 million in restitution.
“While we hope the victims will recover their money or some portion of their money, we aren’t sure they will,” Assistant U.S. Attorney Vibhav Mittal told Bloomberg BNA. “At ...
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