Irvine securities lawyer, Jeanne Rowzee, has been sentenced to seven years in federal prison for securities fraud and conspiracy after participating in a Ponzi scheme that took in $25 million with false promises of huge returns on short-term loans to businesses.
Rowzee promised to put the money into securities known as private investment in public equity, or PIPEs, which she said would return as much as much as 35% in as little as three months. Instead, Rowzee used it to make bogus investment-return payments to other victims, and to support her lavish lifestyle. Approximately 140 investors had lost money by the time the scheme collapsed.
Along with her seven year federal prison sentence, Rowzee has been ordered to pay $25.4 million in restitution.
If you, or someone you know has been charged with fraud, investment fraud, conspiracy, or any other type of federal crime, it is essential to consult with a
Los Angeles criminal lawyer who knows the law and can fight for your rights.