Florida man sentenced in $8 million Ponzi scheme case from which investors
may recover $3 million
A Florida man was recently sentenced in federal court in Alexandria, Virginia
for his part in a multi-million dollar
Ponzi scheme that affected hundreds of investors. Stanley Shew-A-Tjon received eight
years in prison on Friday, May 25th from Judge James Cacheris.
The sentence for the 62-year-old man represents about half of the prison
time sought by the prosecutors in this case, and it more closely matched
the seven-year sentence requested by Shew-A-Tjon’s defense. This
is in contrast to the 12-year sentence ordered for Alan James Watson,
another alleged Ponzi schemer, in the same court just days before. Mr.
Shew-A-Tjon has reportedly apologized for the damage done by the alleged
According to court documents, Shew-A-Tjon allegedly brought investors into
the Ponzi scheme with promises of high monthly returns between 5% and
18%. It is estimated that somewhere between 600 and 800 investors lost
about $8 million total in the alleged investment scam. However, a lawyer
for Shew-A-Tjon has stated that investors could see $3 million of that
If you have been the victim of a Ponzi scheme, pyramid scam, or stockbroker
misconduct, speak with an experienced
securities fraud attorney today about your options for recovering your investment losses. Just give
us a call or fill out our confidential online contact form for more information.
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become a victim, request a completely free copy of our informative book
Five Signs of Investment Fraud …And What to Do if it’s Happened to You.