> in a scheme that cheated him and about 120 other investors out of more than $35 million... William Dean Chapman, was sentenced Friday in federal court to 12 years in prison. Prosecutors say Chapman used the money to fund a lavish lifestyle including a Lamborghini, a Ferrari and a $3 million home.
Nice classic grifting, a Ponzi scheme. The trick is to have the getaway established and blow town just before everyone finds out the money’s gone. And, it couldn’t happen to a nicer guy. ;’) How did that moron get $18 million in the first place?
He should have had fronts and other people using their names and bought an island somewhere in some corporate shell’s name and lived there.