CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header

Local

Man Sentenced For California-Based Scam

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

kluvs super 70s weekend voting 1979 dl Man Sentenced For California Based ScamPick The Best Song From 1979

115245513 8 Man Sentenced For California Based ScamCrush Of The Day: Mila Kunis

80219448 Man Sentenced For California Based ScamViral Video: Hilarious Southwest Safety Announcement

155742164 Man Sentenced For California Based ScamPick Your Favorite Victoria Secret Model

Featured Items

Fantasy_tileHottest Olympians

pet_tileYour Pet Photos

weather_tileSend Us Your Weather Photos

DALLAS (AP) - A federal judge in Texas has sentenced a man to 23 years in prison and ordered him to pay $13 million in restitution over an investment scam he ran out of his home in California.

Federal prosecutors said Wednesday that 37-year-old Bradley Stark, formerly of Riverside, Calif., was sentenced on seven counts of wire fraud and one count of securities fraud. He was convicted by a jury in January.

Prosecutors say Stark, who represented himself at trial, tricked investors into putting money into a company he created called Sardaukar Holdings. Investigators say Stark squandered most of the money on cars, entertainment and jewelry.

Starks’ largest investor was a Dallas-area company run by Stanley Leitner, who was previously convicted on similar charges and testified against Stark.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out: