Financial Fraud: Richard Shusterman Sentenced For Co-Conspirators Perpetrated a Brazen And Complex Ponzi Scheme That...

Financial Fraud: Richard Shusterman Sentenced For Co-Conspirators Perpetrated a Brazen And Complex Ponzi Scheme That... https://www.fraudswa...

Financial Fraud: Richard Shusterman Sentenced For Co-Conspirators Perpetrated a Brazen And Complex Ponzi Scheme That...https://www.fraudswatch.com/financial-fraud-richard-shusterman-sentenced-for-co-conspirators-perpetrated-a-brazen-and-complex-ponzi-scheme-that-defrauded-investors/Leader of $242 Million Investment Fraud Scheme Sentenced to 18 Years in Federal Prison Ponzi Scheme Involved Sale of Medical Debts Baltimore, Maryland – U.S. District Judge James K. Bredar sentenced Richard Shusterman, age 53, of Highland Beach, Florida, today to 18 years in prison, followed by three years of supervised release, for a wire fraud conspiracy and nine counts of wire fraud in connection with a complex scheme to defraud investors and lenders of $242 million by selling fraudulent investment portfolios of debts purportedly owed by hospital patients.