Samantha Delay-Wilson, 65, was sentenced to 84 months in prison after being convicted of defrauding investors and lenders of more than $5 million. That sentence is in addition to the more than five years she was ordered to serve on separate state fraud charges.
Delay-Wilson was convicted of defrauding 14 people by providing false documents about investments she said she would make for them, and also making false representations regarding her assets and credentials.
According to U.S Attorney Karen Loeffler’s office, Delay-Wilson guaranteed investors a high rate of return and told them she would invest their money in foreign markets. Prosecutors say she instead used the money to pay her personal expenses and earlier investors.
“The Department of Justice takes fraudulent investment schemes very seriously and works to deter this type of conduct through prosecution," Acting U.S Attorney Kevin Fields said in a Friday statement. "Today’s prison sentence demonstrates that those who prey on the trust of others and defrauds investors will be caught.”
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