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California Man Sentenced to Nine Years for Ponzi Scheme Defrauding 93 Victims

The Daily Hodl·September 17, 2026·1 min read
California Man Sentenced to Nine Years for Ponzi Scheme Defrauding 93 Victims

California's Edwin Emmett Lickiss Jr., 78, was sentenced to nine years in prison for a Ponzi scheme that defrauded at least 93 victims of over $9.5 million from 1998 to September 2024. He pleaded guilty to wire fraud and money laundering, according to federal prosecutors.

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