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California financial tech executive gets 14 years for $248 million fraud scheme

By The Washington Times June 2, 2026
A California financial technology executive was sentenced to 14 years in federal prison for a five-year fraud scheme that cost lenders and investors at least $248 million, the Justice Department announced.
California financial tech executive gets 14 years for $248 million fraud scheme

California financial tech executive gets 14 years for $248 million fraud scheme A financial technology executive from California has been sentenced to 14 years in federal prison. This sentence is a consequence of a five-year fraud scheme. The scheme resulted in losses of at least $248 million for lenders and investors.

  • California financial tech executive sentenced to 14 years in federal prison.
  • The sentence is for a five-year fraud scheme.
  • The scheme caused at least $248 million in losses to lenders and investors.
  • The Justice Department announced the sentencing.
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