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Timothy Shawn Durham Sr. is an American former lawyer and businessman convicted in 2012 of the largest corporate fraud ever investigated by the Federal Bureau of Investigation in Indiana. His investment firm Obsidian Enterprises invested in a number of companies,including wireless device company BrightPoint and comedy brand National Lampoon,Inc.,where Durham was CEO. In 2012,Durham was sentenced to 50 years in prison in connection with a Ponzi scheme that defrauded 5,400 investors,many of them elderly,of approximately $216 million,according to the U.S. Securities and Exchange Commission.
Zachary Joseph Horwitz,also known by his stage name Zach Avery,is an American former actor and producer. In 2021,he pleaded guilty to securities fraud for his role in defrauding investors of $227 million through a Ponzi scheme and,as a result,was sentenced to twenty years in prison in 2022.
References
- ↑ "Between heritage and hate". August 18, 2004.
- ↑ Zengerle, Jason (August 2, 2004). "Lost Cause". The New Republic.
- ↑ "Blogger".
- ↑ Phelps, Kathy Bazoian (January 31, 2013). "January 2013 Ponzi Scheme Roundup". The Ponzi Scheme Blog. Retrieved October 10, 2017– via Blogger.
- ↑ "Ron Wilson sentenced to nearly 20 years in federal prison - Independent Mail". Archived from the original on April 2, 2015.
- ↑ "Receiver Wilson AB&C". Archived from the original on April 2, 2015. Retrieved March 19, 2015.
- ↑ Ellis, Mike (July 7, 2016). "Joey Preston ordered to repay $1.2 million in Ron Wilson Ponzi scheme". Independent Mail. Retrieved September 4, 2020.
- ↑ "Ron Wilson gets additional 6 months in jail | the Journal Online".
- ↑ "Two sentenced in Upstate Ponzi scheme". The Greenville News.
- ↑ Fridman, Lex (January 17, 2024). "Transcript for Matthew Cox: FBI Most Wanted Con Man - $55 Million in Bank Fraud | Lex Fridman Podcast #409". Lex Fridman. Retrieved August 3, 2024.
- ↑ "Upstate man who duped investors out of $57 million is released from prison". July 15, 2021.
- ↑ House, The White (December 12, 2024). "Clemency Recipient List". The White House. Retrieved December 18, 2024.
