Monday, September 14, 2009

John M. Donnelly, Confessed Ponzi Schemer, To Be Sentenced Today

John M. Donnelly of Albemarle County plead guilty on May 11 to charges relating to a 10-year Ponzi scheme that may have bilked investors out of as much as $11M.  He faces up to 48 years in prison and $6M in fines, plus restitution.

The SEC charges and related links are here. 
The FBI statement regarding his guilty plea is here.
A post about his home near Crozet, used to guarantee bail, is here. 
The Hook's coverage, by Courtney Stewart, of the guilty plea is here.

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