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Marina del Rey Man Sentenced to Over 4 Years in Prison for $3.3 Million Ponzi Scheme He Claimed Was Legitimate Forex Business Jul. 06, 2021 at 1:00 pm An accountant has been sentenced to 51 months in federal prison for running a four-year, $3.3 million Ponzi scheme that conned dozens of investors through false promises of generous returns on foreign exchange currency investments and was funded, in part, by his embezzlement from his non-profit employer. Steven F. Brown, 53, of Marina del Rey, was sentenced by United States District Judge Philip S. Gutierrez, who also ordered Brown to pay $3,313,346 in restitution. Brown pleaded guilty in October 2020 to one count of wire fraud.

United statesLos angelesCiaran mcevoyKristena williamsPhilips gutierrezStevenf brownAlpha trade analytics incMarina del reyUnited states district judge philipAlpha trade analyticsAlpha tradeExchange commissionUnited states attorney kristenMajor frauds sectionஒன்றுபட்டது மாநிலங்களில்லாஸ் ஏஞ்சல்ஸ்