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Gina Champion-Cain Sentenced for Ponzi Scheme – NBC Bay Area

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Prominent San Diego businesswoman Gina Champion-Cain, who pleaded guilty in June 2020 to securities fraud, conspiracy and obstruction of justice for defrauding investors out of $400 million through a liquor-license loan funding program, learned her fate on Wednesday.
U.S. District Judge Larry Alan Burns sentenced Champion-Cain to 15 years in prison the maximum sentence at the federal building on Front Street in downtown San Diego.
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During the hearing, several victims spoke to the judge, said Assistant United States Attorney Andrew Galvin outside court on Wednesday. Nearly 500 victims poured over $350 million into Champion-Cain s sham investment scheme. Ms. Champion-Cain did not use the money to finance liquor-license transactions, as she told investors. Rather, she used tens of millions of dollars to line her own pockets and to support he ....

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Woman behind $400M scam sentenced to 15 years in prison

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A longtime San Diego business and real estate figure on Wednesday was sentenced to 15 years in prison for a massive scheme that defrauded investors out of nearly $400 million.
Gina Champion-Cain previously admitted to obtaining more than $350 million from investors as part of a fake liquor-license loan funding program, according to a press release from the U.S. Attorney’s Office for the Southern District of California.
Prosecutors in the case argued that Champion-Cain along with co-conspirators instead used funds from investors to “support her other businesses and her lifestyle.”
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Court records indicated that the woman was able to maintain the scheme and hide it from investors by forging documents and signatures, and “telling investors lies through fake email accounts so that when investors attempted to double-check on their investments with third parties, they were often really communicating with the defendant or her employ ....

United States , San Diego , Randy Grossman , Aaron Arnzen , Larry Alan Burns , Andrew Galvin , Southern District , Judge Larry Alan Burns , United States Attorney Aaron Arnzen , Ponzi Scheme , Securities Fraud , Obstruction Of Justice , Department Of Justice , ஒன்றுபட்டது மாநிலங்களில் , சான் டியாகோ , ரேண்டி மொத்த மனிதர் , ஆரோன் அர்நஸின் , லாரி ஆலன் தீக்காயங்கள் , ஆண்ட்ரூ கால்வின் , தெற்கு மாவட்டம் , நீதிபதி லாரி ஆலன் தீக்காயங்கள் , ஒன்றுபட்டது மாநிலங்களில் வழக்கறிஞர் ஆரோன் அர்நஸின் , பொஞ்சி திட்டம் , பத்திரங்கள் மோசடி , தடை ஆஃப் நீதி , துறை ஆஃப் நீதி ,

San Diego Woman Behind $400M Ponzi Scheme Gets 15-Year Prison Sentence

By Rebekah Gonzalez
In June 2020, a prominent San Diego businesswoman
On Wednesday, March 31, U.S. District Judge
Larry Alan Burns sentenced Champion-Cain to the maximum sentence of 15 years in prison, reports
During the hearing, several victims spoke to the judge, said Assistant United States Attorney
Andrew Galvin. Nearly 500 victims poured over $350 million into Champion-Cain s sham investment scheme. Ms. Champion-Cain did not use the money to finance liquor-license transactions, as she told investors. Rather, she used tens of millions of dollars to line her own pockets and to support her failing Patio restaurants and other retail businesses.
In a news conference following the sentence, it was revealed that the judge handed down a harsher sentence than what was recommended by prosecutors. ....

San Diego , United States , Aaron Arnzen , Larry Alan Burns , Andrew Galvin , Judge Larry Alan Burns , Assistant United States Attorney Andrew , Front Street , சான் டியாகோ , ஒன்றுபட்டது மாநிலங்களில் , ஆரோன் அர்நஸின் , லாரி ஆலன் தீக்காயங்கள் , ஆண்ட்ரூ கால்வின் , நீதிபதி லாரி ஆலன் தீக்காயங்கள் , உதவியாளர் ஒன்றுபட்டது மாநிலங்களில் வழக்கறிஞர் ஆண்ட்ரூ , முன் தெரு ,

San Diego Woman Behind $400M Ponzi Scheme Gets 15-Year Prison Sentence

San Diego Woman Behind $400M Ponzi Scheme Gets 15-Year Prison Sentence
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San Diego , United States , Aaron Arnzen , Larry Alan Burns , Andrew Galvin , Judge Larry Alan Burns , Assistant United States Attorney Andrew , Front Street , சான் டியாகோ , ஒன்றுபட்டது மாநிலங்களில் , ஆரோன் அர்நஸின் , லாரி ஆலன் தீக்காயங்கள் , ஆண்ட்ரூ கால்வின் , நீதிபதி லாரி ஆலன் தீக்காயங்கள் , உதவியாளர் ஒன்றுபட்டது மாநிலங்களில் வழக்கறிஞர் ஆண்ட்ரூ , முன் தெரு ,

San Diego Woman Behind $400M Ponzi Scheme Gets 15-Year Prison Sentence

San Diego Woman Behind $400M Ponzi Scheme Gets 15-Year Prison Sentence
iheart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iheart.com Daily Mail and Mail on Sunday newspapers.

San Diego , United States , Aaron Arnzen , Larry Alan Burns , Andrew Galvin , Judge Larry Alan Burns , Assistant United States Attorney Andrew , Front Street , சான் டியாகோ , ஒன்றுபட்டது மாநிலங்களில் , ஆரோன் அர்நஸின் , லாரி ஆலன் தீக்காயங்கள் , ஆண்ட்ரூ கால்வின் , நீதிபதி லாரி ஆலன் தீக்காயங்கள் , உதவியாளர் ஒன்றுபட்டது மாநிலங்களில் வழக்கறிஞர் ஆண்ட்ரூ , முன் தெரு ,