The man responsible for the third-largest Ponzi scheme in
filed papers seeking to have his fifty-year sentence overturned, claiming
that his former attorney failed to disclose that prosecutors had previously
offered a 30-year sentence in plea negotiations. Thomas Petters, 56, chose to...
A Chinese woman who masterminded a $70 million Ponzi
scheme has been sentenced
to death by a Chinese court - possibly by firing squad. Haiyan Lin, 39, from
the Wenzhou province, received the sentence as part of a broader push by
Chinese authorities to crack down on the underground lending industry...
"Your honor, I was scared, scared to death. It's not a great excuse. But I kept thinking about my kids and being gone from them for life. I'm sorry I lied in the courtroom, on the stand. I didn't want to go to trial. It's a horrible excuse. But I lied. I'm begging for your forgiveness...