Lloyd Kimura, brother of Hawaii County Prosecuting Attorney Jay Kimura,
was sentenced on July 13th for his alleged involvement in an $8 million
dollar investment scam in Hawaii. According to officials, the long-running Maui
Ponzi scheme was operated through Kimuri's Maui Industrial Loan & Finance Company
and affected 50 investors.
It is alleged that from 1986 - 2009, Kimuri kept up the appearance of
legitimacy by paying earlier investors with money brought in from new
investors. Kimuri is also said to have funneled some of the investment
money into his personal businesses, including Maui Industrial & Finance
Company, Wailuku Tire Company, and an accounting company.
Kimuri has been sentenced to 12 years in prison without parole and will
pay restitution to his victims. Because Kimuri's assets will not even
come close to covering the $8 million he owes, he will be required to
pay 10% of his income toward restitution after he is released. Kimuri
will be serving a previously determined sentence of 20 years, which was
for breaking state securities laws, at the same time.
Regarding the harsh sentence, Judge David Ezra said "The defendant
clearly betrayed the trust of his clients and friends in a scheme that
lasted nearly two decades. I do hope this will send the right message
to individuals that they had best not engage in inappropriate conduct.
... They will not receive a slap on the wrist."
investment fraud lawyers with David P. Meyer & Associates represent victims of Ponzi schemes
stockbroker mediation, arbitration, and litigation claims.