Friday, August 22, 2014         

 Print   Email   Most Popular   Save   Post   Retweet

Woman sentenced to 46 months in $800K Ponzi scheme

By Star-Advertiser staff

LAST UPDATED: 01:29 a.m. HST, Dec 10, 2013

A federal judge Monday afternoon sentenced an Ewa Beach woman who operated an $800,000 Ponzi scheme to 46 months in prison for mail fraud.

Suzette M. Anguay, 50, pleaded guilty to the charge in August.

In addition to the prison term, U.S. District Judge Leslie E. Kobayashi ordered Anguay to pay back $510,178 that she owes 11 couples or individuals.

The government says Anguay operated the scheme from 2007 to 2010 and collected more than $800,000 from victims who either hand-delivered or mailed her the money. She promised them returns of 15-30 percent through her company "Money $en$e" which she said invested in real estate.

Instead of investing the money Anguay used it to pay off her own mortgage and consumer debt, on travel and other personal living expenses such as food and utilities. She also used money from newer victims to pay off earlier "investors."

 Print   Email   Most Popular   Save   Post   Retweet

Breaking News
Political Radar

Island Crafters
Ya Meet the Nicest Peeps

Small Talk
Clothing swap?

Political Radar

The Green Leaf
Expanding a monument

Wassup Wit Dat!
Huh? – Follow Up

Political Radar
Spirit of Daniel Inouye

Small Talk
Lady bag