{"id":7282,"date":"2019-08-13T13:46:59","date_gmt":"2019-08-13T18:46:59","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=7282"},"modified":"2019-08-29T13:49:50","modified_gmt":"2019-08-29T18:49:50","slug":"two-former-brokers-sentenced-in-multimillion-dollar-ponzi-frauds","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/two-former-brokers-sentenced-in-multimillion-dollar-ponzi-frauds\/","title":{"rendered":"Two Former Brokers Sentenced in Multimillion-Dollar Ponzi Frauds"},"content":{"rendered":"

Dawn Bennett<\/a>, an ex-financial advisor and broker, is sentenced to 20 years in prison for operating a $20M Ponzi scam that involved 46 investors. She also must pay $14.5M in restitution and forfeit another $14M.<\/p>\n

Many of Bennett\u2019s victims were retirees who heard about her because she hosted a radio show. In 2018, Bennett was convicted by a jury on federal charges of conspiracy, bank fraud, securities fraud, wire fraud, and making false statements on a loan application.<\/p>\n

According to evidence given at trial, Bennett solicited investors for her online clothing business DJB Holdings, LLC, also known as DJBennett.com, touting a 15% yearly interest rate through promissory and convertible notes.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Dawn Bennett, an ex-financial advisor and broker, is sentenced to 20 years in prison for operating a $20M Ponzi scam that involved 46 investors. She also must pay $14.5M in restitution and forfeit another $14M. Many of Bennett\u2019s victims were retirees who heard about her because she hosted a radio show. In 2018, Bennett was […]<\/p>\n","protected":false},"author":2,"featured_media":18211,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3783,3781,3738,3792,3803],"tags":[2781,4121,4122,3228,2558,3587],"class_list":["post-7282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-broker-misconduct","category-investment-advisers","category-investor-fraud","category-ponzi-scams","category-senior-investors","tag-dawn-bennett","tag-djb-holdings","tag-executive-compensation-planners","tag-hector-may","tag-inc","tag-llc"],"yoast_head":"\nTwo Former Brokers Sentenced in Multimillion-Dollar Ponzi Frauds | SSEK Law Firm<\/title>\n<meta name=\"description\" content=\"Dawn Bennett, an ex-financial advisor and broker, is sentenced to 20 years in prison for operating a $20M Ponzi scam that involved 46 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