Jumat, 06 November 2009

Ponzi Schemer John M. Donnelly Sentenced To 7+ Years, $5.3 Million Restitution

Confessed Ponzi schemer John M. Donnelly was sentenced on November 6 to 7 1/2 years in Federal prison and ordered to pay restitution of more than $5.3 Million.  He is currently being monitored by GPS, out on $100K bond, and must report to prison in six weeks.


During sentencing, one victim noted Donnelly lived a luxurious lifestyle. Donnelly's house is a 5 bedroom, 4.5 bath, 3,000 sq. ft. house

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