crime

Manhattan Court Sentences Notorious Fraudster to 15 Years in Prison

Summary

A Manhattan federal court sentenced James Carter, a high-profile white-collar criminal, to 15 years in prison today for orchestrating a $120 million Ponzi scheme. The verdict marks

A Manhattan federal court sentenced James Carter, a high-profile white-collar criminal, to 15 years in prison today for orchestrating a $120 million Ponzi scheme. The verdict marks the conclusion of a two-year trial that exposed widespread financial fraud affecting over 2,000 investors. Judge Lisa Reynolds emphasized the severity of Carter’s actions, citing the extensive economic damage caused. Prosecutors presented detailed evidence tracing the fraudulent transactions across multiple accounts, according to Reuters. Carter’s defense argued for leniency, but the court rejected the plea. This ruling underscores the judiciary’s firm stance against financial crimes.
Feb 15
Manhattan Court Sentences Notorious Fraudster to 15 Years in Prison

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