7th Circ. Backs Biz Owner's Ponzi Conviction, 7-Year Sentence

By Lauren Berg ( October 17, 2025, 10:37 PM EDT) -- A Seventh Circuit panel on Friday upheld the wire fraud conviction and 90-month prison sentence handed to a business owner who lied to investors about the company's financial health and how it would use their money, saying there was ample evidence of the defendant's intent to defraud and misuse investor funds....

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