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What is Chodorowski Sentenced for Investment Fraud about?

An investment advisor was sentenced to 6 years in jail for stealing over $2.5 million from investors through a Ponzi scheme. Michael David CHODOROWSKI pled guilty to four counts of theft over $5000 related to his fraudulent investment operation. He was ordered to pay $1.65 million in restitution. The complex investigation, which spanned years and multiple police agencies, found that CHODOROWSKI had used money from new investors to pay returns to previous investors rather than actual profits.

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api-134922690

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