Con man who defrauded over 200 people in $24.5M Ponzi scheme sentenced to 18 years

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April 05, 2025

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Elon takes his REVENGE on the FDA

Con man who defrauded over 200 people in $24.5M Ponzi scheme sentenced to 18 years

A man was sentenced to 18 years in jail in New York for running a $24.5 million Ponzi scheme in which he defrauded over 200 victims in sham loan programs and used the money to fund a lifestyle of luxury goods and lavish hotel stays — while some of his bankrupt victims struggled to pay for chemotherapy.

Francius Marganda, 42, was sentenced Thursday in Brooklyn court in connection with running the three-year scheme, New York prosecutors announced. He’s been ordered to pay $8.5 million in restitution and $7.5 million in forfeiture.

Federal judge orders return of man Trump administration accidentally sent to notorious El Salvador jail

A federal judge ordered the Trump administration on Friday to return Kilmar Abrego Garcia back to the United States after he was accidentally sent to a notorious megajail in El Salvador.

U.S. District Court in Greenbelt, Maryland, Judge Paula Xinis ruled that the government must return Garcia by April 7 at 11:59 pm.

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