Providence fraudster jailed for 20 years for role in ponzi scheme

Pedro Gonçalves
clock • 1 min read

A 57-year-old man has been sentenced to 20 years in prison for his role in a $150m ponzi scheme that deceived Minnesotans and also received funds from Guernsey residents. The US Attorney's Office said that Antonio Carlos De Godoy Buzaneli was sentenced in connection to the $150m investment fraud scheme. He pleaded guilty last April. One of his co-conspirators, Jose Manuel Ordoñez Jr., was to 10 years in prison in January and Julio Enrique Rivera will be sentenced later in April, the attorney's office said. Buzaneli and the other two were the principals of Providence Holdings Internati...

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