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John Farahi sentenced to 10 years for Ponzi scheme

URL: http://www.jewishjournal.com/los_angeles/article/john_farahi_sentenced_to_10_years_for_ponzi_scheme

John Farahi, a popular Iranian-Jewish radio talk-show host and investment adviser, was sentenced in U.S. District Court on March 18 in downtown Los Angeles to 10 years in federal prison for operating a multi-million-dollar Ponzi scheme against local Iranian-Americans. Farahi, 56, also was ordered by the court to pay more than $24 million in restitution to close to 60 victims.

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