Man, 81, Gets 29 Years for Ripping Off Investors

Summary


LOS ANGELES (AP) -- An 81-year-old man was sentenced to 29 years in prison Friday in an investment scam that prosecutors say seeped across half the country and bilked 1,800 people, many of them elderly, of about $190 million.

John Heath, who was convicted last month alongside his son Daniel Heath and another man, also was ordered to pay $117 million in restitution to the clients who invested directly through him. He dabbed at his eyes during the hearing and left court in a wheelchair.

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Extract


Man, 81, Gets 29 Years for Ripping Off Investors

Jurors found the three guilty ...

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