Miami Scammer's Possible 400-Year Sentence Makes Madoff's Seem Light
By Kyle Munzenrieder in Crime
Monday, Jun. 29 2009 @ 1:14PM
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| via Taunton Gazette |
| Okun and Bolani in happier times |
Bernie Madoff is facing 150 years in prison, but that's nothing compared to the 400-year sentence that could await former Miami businessman Edward Hugh Okun.
Problem is he didn't have the money; he actually didn't have much of his own money at all and had been scamming investors through his Richmond, Virginia-based company to fuel his lifestyle. He tricked hundreds out of a total of $126 million.
He was convicted on 23 counts in a Virginia court this past March, and when he faces his sentencing in August, he could wind up with 400 years in jail.
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