A California man was sentenced to 181 months in federal prison for running fraudulent investment schemes that raised more than $17 million by promising investors returns of up to 10% that would be generated through real estate deals that turned out to be bogus, the Justice Department announced Monday.
According to the DOJ, Brett Barber, the co-owner of BNZ Capital, participated in two schemes to defraud victim investors out of their money and property. In the first scheme, BNZ Capital, its principals, and several marketers raised money by falsely representing that the firm bought and sold real estate projects ...
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