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SEASIDE MAN SENTENCED FOR PONZI – 05/19/14 1120 .S.

A seaside man has been sentenced for his part in a Ponzi scheme. 66 year-old Michael Swanson (who was convicted of 28 felony counts of conspiracy and mail, wire and securities fraud), was sentenced to spend 3 years in Federal Prison. Swanson has also been ordered to pay nearly 3 million dollars in victim restitution, and turn himself in to a designated federal prison on June 27th.

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