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A Santa Barbara man was sentenced on Tuesday to over 11 years in federal prison for stealing around $14 million as part of a Ponzi scheme where victims thought that their investments would be used to buy annuities issued by Swiss insurance companies.
Santa Barbara man accused of using money from fake annuity sales to support lavish lifestyle KSBY stock image and last updated 2021-06-29 19:54:30-04 A Santa Barbara man accused of stealing approximately $12 million from victims who thought their money was being used to buy annuities from Swiss insurance companies is facing 11 counts of wire fraud and money laundering. Darrell Arnold Aviss, 63, was arrested on June 18, according to the U.S. Department of Justice (DOJ). In an indictment filed against him on Tuesday, Aviss is accused of soliciting money from people who wanted to purchase annuit...