Businesswoman Sentenced to 15 Years in Prison for Ponzi Scheme
A San Diego businesswoman who orchestrated a nearly $400 million Ponzi scheme, in which she took investor funds intended as loans for liquor licenses and funneled the money into her companies and for personal purchases, was sentenced Wednesday to 15 years in federal prison.
Gina Champion-Cain, 57, ran what prosecutors characterized in court documents as “the largest known Ponzi scheme” in the history of the Southern District of California, which encompasses San Diego and Imperial counties.
NOTICE: All persons depicted are presumed to be innocent unless proven to be guilty in a court of law. The fugitive.com and fugitivewatch.com notations appearing on this are TRADEMARKS and NOT an expression of fact or opinion.
AVISO: Todas las personas representadas son presumidas de ser inocente a menos que resultara culpable en un tribunal de justicia. Fugitive.com y fugitivewatch.com anotaciones que aparecen en este sitio son MARCAS REGISTRADAS y NO una expresión de hecho o de opinión.
COMMENT ADVISEMENT: We welcome your thoughts, but for the sake of all readers, please refrain from the use of obscenities, personal attacks or racial slurs. All comments are subject to our terms of service and may be removed. Repeat offenders may lose commenting privileges.
AVISO DE COMENTARIO: Damos la bienvenida a tus pensamientos, pero por el bien de todos los lectores, por favor abstenerse de la utilización de obscenidades, ataques personales o insultos racistas. Todos los comentarios están sujetos a nuestros términos y condiciones del servicio, y podrá ser retirado. Reincidentes pueden perder privilegios comentar.
Fugitive Watch was founded in 1992 by two San Jose police officers, Steve Ferdin and Scott Castruita. Fugitive Watch is a reality-based television show, newspaper and website, fugitive.com. We can also be found on social media such as Instagram, Facebook, and Twitter. The mission of Fugitive Watch is to make Your community safer by helping law enforcement fight crime. Fugitive Watch brings the community, local business, and law enforcement together to solve crimes, apprehend wanted fugitives and provide education and crime prevention information to the community.
Business and private sponsorship help Fugitive Watch empower the community to strike back at crime from the safety of their living rooms. Fugitive Watch has been credited by law enforcement with over several 2,890 crimes solved or fugitives apprehended. Fugitive Watch also helps improve the safety of police officers by locating fugitives for law enforcement so they can more safely arrest them rather than unexpectedly running across them through extremely dangerous routine “chance encounters”. As law enforcement officers know all too well, These “chance encounters” have resulted in countless officer injuries and deaths.