CEO sent to prison for 'largest Ponzi scheme in Georgia history'

An executive was sentenced to 20 years in prison for running what authorities described as "likely the largest Ponzi scheme in Georgia history."

Two conspiring financial group executives who conned thousands of victims in the largest Ponzi scheme in Georgia history were handed light prison sentences — as one con man declared he was a "coward" for the heartless crimes.

The Justice Department alleges the defendants conspired in a multimillion-dollar, decade-long scheme that involved more than 1,000 sham marriages to obtain legal immigration status in the U.S.

Federal charges target 11 defendants in a marriage fraud network that arranged over 1,000 sham unions for Chinese nationals seeking green cards.