Carlsbad man sentenced for defrauding investors in Ponzi scheme
A Carlsbad man who ran a Ponzi scheme that defrauded dozens of investors out of millions was sentenced Monday to more than seven years in federal prison.
Stay updated with breaking news from Lee Ramirez. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A Carlsbad man who ran a Ponzi scheme that defrauded dozens of investors out of millions was sentenced Monday to more than seven years in federal prison.
Richard Lee Ramirez was indicted by a grand jury in 2022 for taking money investors gave him for his company JMJ Capital Group and spending it on personal items such as "luxury cars, travel, potential real-estate transactions" and more.
Richard Lee Ramirez, who prosecutors say spent investor funds on luxury cars and travel, was ordered to pay nearly $5.5 million in restitution to the victims
After Sheriff Robert Rodgers died in an on-duty car crash, four candidates put their names into the ring to finish out Rodgers' term
Here's why each candidate thinks they're the man for the job