Friday, March 20, 2009

Port Orchard man convicted in multi-million-dollar fraud scheme - Port Orchard Independent

Bernie Madoff is getting the big headlines for his gargantuan Ponzi scheme. But his wasn't the only Ponzi scheme around.

This week Judge Ronald B. Leighton (W.D. Wash., Tacoma) sentenced Charles Nolon Bush for his Ponzi scheme: 30 years in prison, three years supervised release and $30,097,659 in restitution. (Not just $30 million: $30,097,659.) Former Kitsap County Man Sentenced to 30 Years in Prison for $35 Million "Ponzi" Scheme, U.S. Attorney's Office press release, March 20, 2009.

The government had to get Bush extradited from Poland. It took a year from the extradition request to his first court appearance.
Port Orchard man convicted in multi-million-dollar fraud scheme - Port Orchard Independent, Port Orchard Independent, Nov. 13, 2008.

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