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Former Financial Advisor Sentenced to Prison for Role in $2 Million Ponzi Scheme Targeting the Elderly

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the staff of the Ridgewood blog

Hillsborough NJ, a Somerset County, New Jersey man, was sentenced today to 78 months in prison for engaging in a $2 million Ponzi scheme targeting elderly investors and for subscribing to a false tax return, Acting U.S. Attorney Rachael A. Honig announced.

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