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Florida Man Receives 15-Year Sentence for Ponzi Scheme That Defrauded Investors of $20 Millionnypost.com
politics15 days agoSourced

Florida Man Receives 15-Year Sentence for Ponzi Scheme That Defrauded Investors of $20 Million

Dakota A. Smith, 35, was sentenced in federal court in Memphis on May 14, 2026, to more than 15 years in prison after pleading guilty to conspiracy to commit wire fraud through Peoples Equity Group. The sentence concludes a case in which losses to investors exceeded $20 million a…

U.S. Department of Justice
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