Founder of holistic wellness business sentenced to 8 years in prison for Ponzi scheme
FILE
and last updated 2021-07-26 20:14:07-04
NASHVILLE, Tenn. (WTVF) â The founder of a Nashville-based holistic wellness business has been sentenced to eight years in prison and ordered to pay $693,128.66 in restitution for what has been deemed a Ponzi scheme by the U.S. Justice Department.
Howard L. Young, 75, duped more than 80 patients, financial institutions and investors out of nearly $700,000 after he claimed he cured himself of cancer using naturopathic methods. He's accused of soliciting cancer patients and others with chronic medical conditions to participate in a study he claimed to have funded through a $2 million grant from Vanderbilt University.