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California Man Receives 65-Month Sentence for $3.3 Million Ponzi Scheme

A California man has been sentenced to serve 65 months in federal prison after pleading guilty to operating a Ponzi scheme that duped investors out of over $3 million. Krittibas Ray, 43, of Albany, California, was indicted in December 2011 on two counts of wire fraud and one count of money laundering...