Rockford man sentenced to 9 years for Ponzi scheme
ROCKFORD – A Rockford man has been sentenced more than nine years in federal prison for operating a Ponzi-type scheme in which he defrauded investors out of more than $4 million.
James Pantazelos pled guilty to mail fraud in September. He was sentenced Friday at Rockford's federal courthouse.
The Rockford Register Star reported that the fraud occurred from May 2007 through the end of 2010.
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