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A California man who orchestrated a nationwide Ponzi scheme that targeted military veterans and other retirees was sentenced by a federal judge in South Carolina to 10 years in prison.
Scott Kohn, 68, was indicted in 2019 for the fraudulent scheme which he used to fund an opulent lifestyle from a $4.8million mansion boasting sweeping views of the Pacific Ocean.
Joseph Hipp, a co-defendant of a $1 billion Ponzi scheme, pleaded guilty to conspiracy to defraud during a hearing in Greenville.