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An excellent jury discover your accountable to your bonds charges, as well as the judge sentenced him so you can a year on the Fl Condition Jail. He was experimented with an extra go out on the five of the kept fees, and also the jury deadlocked. In addition, it governed one Ponzi was not up against double jeopardy because the Massachusetts try asking him that have larceny as the national billed him which have mail fraud, whilst charge implicated a comparable criminal operation. To your 27 March 1922, the newest Finest Courtroom ruled one to government plea money saving deals do not have reputation from condition charge. In comparison, Bernie Madoff's comparable system you to definitely folded within the 2008 rates their people in the $18 billion, 53 moments the new losses out of Ponzi's strategy. Ponzi's investors were about wiped out, acquiring below 30 cents on the dollar.
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