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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.99-1.1%3:59 PM EST

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To: KeepItSimple who wrote (102413)4/29/2000 5:15:00 PM
From: H James Morris  Read Replies (2) of 164684
 
>April 29, 2000

Pyramid scheme nets 30 years in prison
NEW YORK -- A businessman, and former Wall Street investment banker, who crafted what prosecutors called the biggest pyramid scam in U.S. history was sentenced to 30 years in prison yesterday.
U.S. District Judge John Martin sentenced Patrick Bennett to one of the longest white-collar prison terms in history "because of the defendant's failure to turn over all the assets under his control."

Bennett, 47, was convicted in June on 42 counts, including securities fraud and money laundering as he cheated about 10,000 investors of $700 million since 1990. Many of the victims were elderly.
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