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 Woman Behind $400M Ponzi Scheme Gets 15-Year Prison Sentence
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San Diego Woman Behind $400M Ponzi Scheme Gets 15-Year Prison Sentence
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Oneida Woman Indicted for Theft of Government Property
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