David Lewalski, formerly of Gainesville, has recently been sentenced in
a $30 million
Ponzi scheme case. According to officials, the scheme affected over 500 investors and
took about $30 million. The sentencing, which took place in Tampa, was
for a charge of mail fraud, although wire fraud and conspiracy were also
among the original charges in the case.
Allegedly, Lewalski offered investments in foreign currency through his
company Botfly, LLC. He is said to have promised investors returns of
up to 10% each month. Unfortunately, officials say that Lewalski instead
used investor cash to pay off prior investors, rent private jets, lease
swanky real estate, and purchase luxury items, such as jewelry and expensive cars.
Lewalski has been sentenced to 20 years in prison, which is the maximum
sentence for mail fraud, and he also will have to hand over the cash taken
in the scheme and items purchased with investors' money.
investment fraud lawyers with Meyer Wilson represent investors who have lost money in Ponzi schemes,
investment scams, and securities fraud in
stockbroker mediation, arbitration, and litigation nationwide.