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Man Sentenced for $40M Ponzi Scheme, Swindling NYC Real Estate Company

Posted by Admin on December 3, 2023
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A Michigan man was sentenced last week for his role in multiple frauds, including a $40 million Ponzi scheme and bilking a New York City-based real estate company out of $175,000. Franklin Ray, 52, of Canton, Michigan, was sentenced to 212 months in prison by U.S. District Judge Analisa Torres, according to a press release […]

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