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Saturday, January 31, 2015

New Canaan Man Gets 13 Years In Prison For Running Ponzi Scheme

A 45-year-old former New Canaan man who ran a Ponzi scheme that defrauded victims of hundreds of millions of dollars was sentenced Thursday to 13 years in federal prison. Francisco Illarramendi also was sentenced by U.S. District Judge Stefan R. Underhill in Bridgeport to three years of supervised release.

via Bridgeport Newswire http://ift.tt/1CW8bS4

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