Ponzi schemer sentenced | Arkansas Blog

Monday, January 26, 2009

Ponzi schemer sentenced

Posted By on Mon, Jan 26, 2009 at 4:57 PM

James B. Roberts, 71, of Heber Springs, got a 15-year federal prison sentence in Little Rock today for wire fraud. He also was ordered to pay restitution of $43.4 million to the 400 or so investors in the U.S. and Central America he'd defrauded in a Ponzi scheme based on supposed currency trading. Fat chance, I'm guessing.

Roberts had pleaded guilty. Here's the rundown when he was originally arrested.

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