Lillian Glaubman of Miami, Florida was sentenced yesterday to 78 months in jail followed by 3 years of supervised release for her role in an investment scam that bilked 737 victims out of more than $18 million. She had plead guilty to one count of conspiracy to commit mail and wire fraud and one count of mail fraud in July. Glaubman was one of a group of individuals that had set up a fraudulent internet kiosk business, Pantheon Holdings, a/k/a Internet Machine Company. Investors paid $18,000 for the opportunity 13 other defendants have been convicted or plead guilty in the fraud.
For a summary of the case history go here.
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