Father, son from Japan plead guilty in Vegas in $1.5 bil 'Ponzi' case

5 years seems rather lenient.....if they are being compared to Madoff. About one tenth of the amount Madoff scammed so a tenth of Madoff's sentence would be 15 years.

Fujinaga ran the Las Vegas operation. He was found guilty of using new investors’ money to pay off previous investors and spending the rest on himself, including a Las Vegas golf course mansion, a private jet, luxury cars and real estate in California wine country, Beverly Hills and Hawaii.

Notice in these stories.

Defrauding investors is often met with severe penalties and bailouts.

Defrauding customers and public=apologies and bows and no bailouts

Madoff was sentenced to 150 years

Stanford is serving 110 years

Rothstein is serving 50 years

> Junzo Suzuki and his son, Paul Suzuki, in a plea deal that has each man facing five years in federal prison and three years of supervised release,

very lenient indeed - a country club sentence

It reads like the Suzukis have been 'cooperating' with enquiries for a number of years, with Fujinaga the Feds' glittering prize.

@Larr Flint, no you don't. You don't not want to stay in a US federal prison.

The main person Fujinaga who spend most of the cash was the one who got the heaviest sentence(50years). The father and son probably gotten lighter sentence because of the deals they made with the prosecutors. They were merely small fishes compare to the big fish Fujinaga.

I am more curious how much money the government manage to retrieve for the investors and how much was lost due to their spendings. Article say nothing about these.

Hard to believe in this day and age people can still be tricked and convinced to invest is such a scheme, but again when you got thousands of $$ rusting in saving acct. you may take a chance.

@Mark

Hard to believe in this day and age people can still be tricked and convinced to invest is such a scheme, but again when you got thousands of $ rusting in saving acct. you may take a chance.

Have you ever heard of NFTs?

I feel sorry for the duo, because you don’t want to be locked up in US prison. It’s hell on earth.

One has to wonder how many lives these criminals have destroyed. Imagine "investing" your life savings and getting lulled into a sense of false secure because you receive interest payments on time (from new victims money) and your fake statements show that you are doing well. No red flags. Then the rug is pulled out from under you and you face the reality that you are penniless and have nothing. Life sentences are appropriate.

Ouch Federal Prison Are no paradise. I hope they make it out of there with no scratches in the next 5 years

See the way it's done is to promise to pay people back in the next life. No complaints and no jail in this life.

"Ouch Federal Prison Are no paradise"

they likely wont survive.