Fort Lauderdale area MJ Capital Ponzi scheme boss sentenced

Dec 4, 2024 · Johanna Garcia, 41, received a 20-year federal prison sentence Tuesday in Fort Lauderdale federal court after pleading guilty in July to one count of conspiracy to commit wire …

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Leader Of $200 Million Ponzi Scheme Sentenced To 20 Years In …

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Dec 3, 2024 · The conspiracy involved Garcia leading others, including Pavel Ramon Ruiz Hernandez, in an investment Ponzi fraud scheme totaling approximately $190,700,000. …

justice.gov

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Florida ‘Mother Teresa’ Who Operated $200M Ponzi Scheme …

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Dec 4, 2024 · A Florida woman who pleaded guilty to operating a nearly $200 million Ponzi scheme was sentenced on Tuesday to 20 years in prison. Johanna Garcia, a 41-year-old …

nypost.com

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Glamorous Florida Woman Sentenced To 20 Years In Prison For …

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Dec 4, 2024 · Johanna Michley Garcia, 41, has been sentenced to 20 years in prison after she pled guilty for her role in a $190,700,000 Ponzi scheme as the former CEO of MJ Capital …

dailymail.co.uk

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Breaking: MJ Capital Owner Johanna Michely Garcia Sentenced To …

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Dec 3, 2024 · Today, in a Miami Federal courtroom, Johanna Michely Garcia learned her fate after years of confinement for a Ponzi scheme she pleaded guilty to totaling over $190 million. …

funderintel.com

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Johanna Garcia Sentenced To 20 Years In Nearly $200M Ponzi …

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Dec 3, 2024 · A South Florida woman will spend the next 20 years in prison for leading a nearly $200 million Ponzi scheme that defrauded several investors. On Tuesday, a judge sentenced …

nbcmiami.com

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South Florida Woman Who Led $190 Million Ponzi Scheme …

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Dec 3, 2024 · MIAMI – The US Attorney’s Office for the Southern District of Florida announced the sentencing of Johanna Michely Garcia, the former Chief Executive Officer of MJ Capital …

floridadaily.com

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Florida Woman Sentenced To 20 Years In Prison For Leading $190.7 ...

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Dec 6, 2024 · A Broward County woman was sentenced to 20 years in federal prison on Tuesday for her role in orchestrating a Ponzi scheme that defrauded investors of approximately $190.7 …

abcactionnews.com

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Former Broward County CEO Sentenced To 20 Years For $190 …

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On December 3, 2024, Johanna Michely Garcia, 41, of Broward County, Florida, was sentenced to 240 months in prison for leading a massive Ponzi scheme through her company, MJ Capital …

newsbreak.com

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MJ Capital Board Member Gets 9 Yrs For $190M Ponzi Scheme

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Sep 21, 2023 · The sentence exceeded the prosecution’s request of 108 months of incarceration. The prosecution argued in a sentencing memorandum that Pavel played a central role in the …

sonnlaw.com

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Former Broward County CEO Sentenced To 20 Years For $190 …

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On December 3, 2024, Johanna Michely Garcia , 41, of Broward County, Florida, was sentenced to 240 months in prison for leading a massive Ponzi scheme through her company, MJ Capital …

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SEC Charges 5 More In Fort Lauderdale Area MJ Capital Fraud

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Oct 2, 2024 · Instead, Garcia’s admission with her guilty plea says MJ Capital operated as a Ponzi scheme from June 2020 through August 2021. Of the $196 million raised, only $923,000 …

miamiherald.com

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MJ Capital Board Member Gets 9 Yrs For $190M Ponzi Scheme

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Law360 (September 20, 2023, 5:51 PM EDT) -- MJ Capital Funding LLC board member Pavel Ruiz Hernandez has been sentenced to more than nine years in prison for his role in the $190 …

law360.com

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Owner Of Foreign Currency Trading Firm Pleads Guilty To Running …

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14 hours ago · Henry Abdo, 47, of Lebanon, pled guilty in federal court to orchestrating an over $6 million investment fraud (Ponzi) scheme run through his company, Titanium Capital LLC …

justice.gov

FAQs about Fort Lauderdale area MJ Capital Ponzi scheme boss sentenced Coupon?

Did MJ capital funding cronies orchestrate a $190 million Ponzi scheme?

He also believed that his plan could have become a legitimate business. By McClatchy Things have gotten worse for North Lauderdale’s Johanna Garcia in the year since one of her MJ Capital Funding cronies was charged criminally and civilly for being part of a $190 million Ponzi scheme that Garcia is accused of orchestrating. ...

Did MJ companies pay earlier investors a Ponzi scheme?

The MJ Companies paid earlier investors with money raised from later investors, a classic Ponzi scheme. Pavel Ruiz helped raise $42 million in the MJ Capital Fraud run out of a Pompan Beach, Florida, strip mall. Christian Gonzalez also has been sentenced. ...

What happened to MJ capital funding and Pavel Ruiz Hernandez?

As stated in Garcia’s guilty plea, after the FBI and SEC caught up to MJ Capital Funding and shut it down, Garcia and Pavel Ruiz Hernandez — he’s doing nine years in federal prison — and the rest of the MJ Capital gang got to work on a new Ponzi scheme. ...

How much did MJ capital funding fraud cost investors?

Johanna Garcia’s guilty plea brings the MJ Capital Funding fraud totals to three guilty pleas; $190 million fraudulently raised; and $90 million lost by investors. A Broward fraudster cost investors $25 million. He’ll pay with prison time and money ...

What is MJ Capital Funding and MJ Taxes & More?

MJ Capital Funding and MJ Taxes & More are entities first registered by Johanna Garcia according to public records. ...

Are MJ capital scams a criminal crime?

Last week’s charges, being civil and not criminal, won’t result in any of the five joining Garcia, plus Pavel Ruiz Hernandez and Christian Gonzalez who were also sentenced to prison for their MJ Capital scam activities. The SEC charges seek to recover money earned by the scam, to impose civil penalties and limit future financial activities. ...