Santa Clarita Man Sentenced To Nearly 6½ Years For Stealing $1.7 Million From Investors Via Real Estate 'Coupon Bond' Scam
A Santa Clarita resident who invested in real estate and sold “coupon bonds” that promised regular interest payments on top of principal repayment was sentenced Monday to nearly 6 ½ years in federal prison for defrauding investors out of more than $1.7 million.