Another ponzi scam artists bites the dust. Unfortunately took a few victims money with him.
http://www.chattanoogan.com/articles/article_163462.asp
A man who swindled investors out of over $18 million from a base in Chattanooga was sentenced Thursday to serve the maximum 24 years and five months in federal prison.
Luis Rivas, 56, appeared before Federal Judge Curtis Collier.
He was also ordered to make over $18 million in restitution.
Judge Collier said it was likely the largest fraud in the Eastern District of Tennessee and possibly in the entire state of Tennessee.
Agents said there were as many as 479 investors, including a hundred or more whose finance were "decimated" by the fraud.
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Do what is right, let the consequence follow.
