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Dawn Bennett Wikipedia, Investor, Financial Advisor, Facebook
Dawn Bennett Wikipedia, Investor, Financial Advisor, Facebook – Dawn Bennett, former broker and independent financial advisor who scammed 46 investors in a $20 million Ponzi scheme, is appealing his sentence and 20-year prison sentence.
Dawn Bennett Wikipedia, Investor, Financial Advisor, Facebook
A Washington, DC inmate who advertised his counseling services on a for-profit radio program called “Financial Mythbusters” filed a notice of reconsideration with the Fourth Circuit Court of Appeals of United States last Friday.
The notice did not explain the reason for the appeal and William E. Zapf, the attorney who filed the notice, informed the court on Tuesday that he would withdraw from the case. He did not respond when contacted for comment.
Bennett, 57, is currently being held at a prison in Chesapeake, according to court documents and Federal Bureau of Prisons records.
Bennett was convicted in July by US District Judge Paula Xinis and ordered to pay $14.5 million in restitution to her victims. Her conviction of fraud and conspiracy in October 2018 led to the conviction.
Bennett was suspended from work three years ago and fined $4.1 million by the Securities and Exchange Commission. The former adviser failed in his attempt to ask the Fourth Circuit Court of Appeals to overturn the SEC’s ruling. The former advisor began his brokerage career in 1987 with Wheat First Securities.
According to state prosecutors at her trial, Bennett, who was named one of Barron’s 100 Best Women in Financial Advisors in 2009, spent most of the money raised from clients during the year. between December 2014 and April 2017 for luxury items, including a $500,000 Dallas Cowboys game set. .
In an attempt to thwart SEC and FBI investigators, she allegedly paid Indian priests $800,000 to perform rituals, as well as purchase astrological gems and “Hoodoo” charms.
When the SEC accused her of exaggerating the assets she managed for potential clients and clients, her career began to unravel.
Dawn J. Bennett, 56, of Chevy Chase, Maryland, was found guilty of 17 federal charges, including conspiracy, securities fraud, wire fraud, bank fraud and perjury in an application loan. US District Judge Paula Xinis today sentenced Bennett to 20 years in federal prison, followed by 5 years on supervised release.
Bennett was ordered by Judge Xinis to pay $14,504,290 in restitution and forfeited $14,306,842. On October 17, 2018, a federal jury convicted Bennett of those crimes after less than five hours of deliberation.
Robert K. Hur, United States Attorney for the District of Maryland, and Jennifer C. Boone, Special Agent in Charge of the FBI’s Baltimore Field Office, announced the ruling.
According to U.S. Attorney Robert K. Hur, Dawn Bennett “deliberately defrauded retirees with their lifetime savings, using most of it for her own personal gain.” She was sentenced to several years in federal prison after answering for her lies and theft.
Bennett is the owner and operator of DJB Holdings, LLC, d/b/a DJBennett.com, an online luxury clothing store, according to evidence presented during her nine-day trial.
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Categories: Biography
Source: vcmp.edu.vn