Posted on Aug 19, 2022
Ponzi scheme leader who preyed on vets sentenced to 10 years
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CRIME OF THE DAY
Ponzi scheme leader who preyed on vets sentenced to 10 years
By Irene Loewenson
Aug 18, 05:28 PM
Scott A. Kohn pleaded guilty Thursday to a nationwide Ponzi scheme that put 13,000 veterans in exploitative loans. (Army)
The ringleader of a $300 million Ponzi scheme that targeted veterans and the elderly pleaded guilty and was sentenced Thursday to 10 years in prison.
Scott A. Kohn, a 68-year-old from Newport, California, was indicted in 2019 in South Carolina for a nationwide fraud conspiracy operated through his corporation Future Income Payments LLC from 2011 to 2018.
PO1 William "Chip" Nagel Lt Col Charlie Brown SSG Michael Noll Lt Col John (Jack) Christensen Cpl Vic Burk SGT Charlie Lee PO2 Marco Monsalve SGT David A. 'Cowboy' Groth ] SSG William Jones Sgt (Join to see) SrA John Monette SFC Bernard Walko SPC Michael Terrell SMSgt Anil Heendeniya CPL Douglas Chrysler A1C Medrick "Rick" DeVaney GySgt Jack Wallace SGT Mark Anderson CPL LaForest Gray SGT Steve McFarland
Ponzi scheme leader who preyed on vets sentenced to 10 years
By Irene Loewenson
Aug 18, 05:28 PM
Scott A. Kohn pleaded guilty Thursday to a nationwide Ponzi scheme that put 13,000 veterans in exploitative loans. (Army)
The ringleader of a $300 million Ponzi scheme that targeted veterans and the elderly pleaded guilty and was sentenced Thursday to 10 years in prison.
Scott A. Kohn, a 68-year-old from Newport, California, was indicted in 2019 in South Carolina for a nationwide fraud conspiracy operated through his corporation Future Income Payments LLC from 2011 to 2018.
PO1 William "Chip" Nagel Lt Col Charlie Brown SSG Michael Noll Lt Col John (Jack) Christensen Cpl Vic Burk SGT Charlie Lee PO2 Marco Monsalve SGT David A. 'Cowboy' Groth ] SSG William Jones Sgt (Join to see) SrA John Monette SFC Bernard Walko SPC Michael Terrell SMSgt Anil Heendeniya CPL Douglas Chrysler A1C Medrick "Rick" DeVaney GySgt Jack Wallace SGT Mark Anderson CPL LaForest Gray SGT Steve McFarland
Ponzi scheme leader who preyed on vets sentenced to 10 years
Posted from armytimes.comPosted in these groups: 
Crime
Crime
Posted >1 y ago
Responses: 4
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There is one of these types of people everywhere! Buyer Beware (so-to-speak).
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This is one example of people who lacks integrity and regard for others. Some people's sense of what's right needs to be further addressed.Se people today,te ds to lack a moral compass.This why we have many conflicting value systems. We should lock them up and throw away the key.They should be charged in the same man er as those who are dis overdue with stolen valor.
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