{"id":4743,"date":"2017-06-16T17:59:36","date_gmt":"2017-06-16T22:59:36","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4406"},"modified":"2020-09-17T09:27:09","modified_gmt":"2020-09-17T14:27:09","slug":"70m-ponzi-scam-leads-5-year-prison-term-texas-man-bilked-christian-investors-affinity-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/70m-ponzi-scam-leads-5-year-prison-term-texas-man-bilked-christian-investors-affinity-fraud\/","title":{"rendered":"$70M Ponzi Scam Leads to 5-Year Prison Term for Texas Man Who Bilked Christian Investors in Affinity Fraud"},"content":{"rendered":"<p>Stephen J. Hatch, the mastermind of a $70M <a href=\"https:\/\/www.stockbroker-fraud.com\">Arizona Ponzi scam,<\/a> has been sentenced to five years in prison. Hatch, who pleaded guilty to fraud, targeted Christian investors, causing many of them to lose their life savings.<\/p>\n<p>As part of his plea deal, the Texas man agreed to pay back $1M to investors. Meantime, prosecutors agreed to not file criminal charges against Hatch\u2019s children.<\/p>\n<p>Many of his victims were family members and friends. Hatch persuaded 110 investors to back various real estate properties by promising double digit returns on land deals.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/70m-ponzi-scam-leads-5-year-prison-term-texas-man-bilked-christian-investors-affinity-fraud\/#more-4743\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stephen J. Hatch, the mastermind of a $70M Arizona Ponzi scam, has been sentenced to five years in prison. Hatch, who pleaded guilty to fraud, targeted Christian investors, causing many of them to lose their life savings. As part of his plea deal, the Texas man agreed to pay back $1M to investors. Meantime, prosecutors [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3918,3792,3741],"tags":[],"class_list":["post-4743","post","type-post","status-publish","format-standard","hentry","category-affinity-fraud","category-ponzi-scams","category-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>$70M Ponzi Scam Leads to 5-Year Prison Term | Investment Fraud Lawyers<\/title>\n<meta name=\"description\" content=\"Stephen J. Hatch, the mastermind of a $70M Arizona Ponzi scam, has been sentenced to five years in prison. Hatch, who pleaded guilty to fraud, targeted &#8212; June 16, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/70m-ponzi-scam-leads-5-year-prison-term-texas-man-bilked-christian-investors-affinity-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"$70M Ponzi Scam Leads to 5-Year Prison Term | Investment Fraud Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"Stephen J. Hatch, the mastermind of a $70M Arizona Ponzi scam, has been sentenced to five years in prison. Hatch, who pleaded guilty to fraud, targeted &#8212; June 16, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$70M Ponzi Scam Leads to 5-Year Prison Term | Investment Fraud Lawyers","description":"Stephen J. Hatch, the mastermind of a $70M Arizona Ponzi scam, has been sentenced to five years in prison. 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Hatch, who pleaded guilty to fraud, targeted &#8212; June 16, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/70m-ponzi-scam-leads-5-year-prison-term-texas-man-bilked-christian-investors-affinity-fraud\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/70m-ponzi-scam-leads-5-year-prison-term-texas-man-bilked-christian-investors-affinity-fraud\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"$70M Ponzi Scam Leads to 5-Year Prison Term for Texas Man Who Bilked Christian Investors in Affinity Fraud","datePublished":"2017-06-16T22:59:36+00:00","dateModified":"2020-09-17T14:27:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/70m-ponzi-scam-leads-5-year-prison-term-texas-man-bilked-christian-investors-affinity-fraud\/"},"wordCount":388,"articleSection":["Affinity Fraud","Ponzi Scams","Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/70m-ponzi-scam-leads-5-year-prison-term-texas-man-bilked-christian-investors-affinity-fraud\/","url":"https:\/\/www.investorlawyers.com\/blog\/70m-ponzi-scam-leads-5-year-prison-term-texas-man-bilked-christian-investors-affinity-fraud\/","name":"$70M Ponzi Scam Leads to 5-Year Prison Term | Investment Fraud Lawyers","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2017-06-16T22:59:36+00:00","dateModified":"2020-09-17T14:27:09+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Stephen J. 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