Ga. U.S. Attorney: Former Investment Advisor Sentenced for Decade-Long Ponzi Scheme
February 09, 2024
February 09, 2024
ATLANTA, Georgia, Feb. 9 -- The office of the U.S. Attorney for the Northern District of Georgia issued the following news release:
John J. Woods has been sentenced to nearly eight years in federal prison for operating a 13-year Ponzi scheme that victimized more than 400 investors and caused a loss of over $49 million.
"Woods, while serving as a fiduciary, promised investors profitable returns but used the monies he raised from new investors to pay Ponzi profits to . . .
John J. Woods has been sentenced to nearly eight years in federal prison for operating a 13-year Ponzi scheme that victimized more than 400 investors and caused a loss of over $49 million.
"Woods, while serving as a fiduciary, promised investors profitable returns but used the monies he raised from new investors to pay Ponzi profits to . . .