woman has been sentenced to six years in prison for running a $110 million Ponzi scheme. Rideout also said Samji used her victims' money to live the kind of comfortable lifestyle she could no longer afford. Samji hooked investors by promising steady, secure returns of up to 12 per cent. In reality, money from new investors was used to pay dividends to old ones. In the original decision, Rideout said hitting Samji with both criminal prosecution and securities commission sanctions didn't amount to double jeopardy.

Source: CBC News September 28, 2016 19:23 UTC