< Back to Previous Page Woman Sentenced in Real Estate Scheme Jeanetta Standefor has been sentenced to 12 years in federal prison for running a real estate scam in three states that netted her $18 million that helped pay for her wedding and honeymoon. She was also ordered to pay back over $8 million in restitution and pleaded guilty to two counts of mail fraud in September. She ran a Ponzi scheme between the years of 2005 and 2007 that helped her lure over 600 investors in the states of California, Nevada, and Georgia into investing money in her company. Her company claimed to use the funds to help homeowners facing foreclosure get current on their mortgage payments. She promised her investors that the money would multiply by as much as 50 percent within one month. She used nearly $2 million of the money to pay for her wedding, honeymoon, jewelry and home renovations. A civil action was filed against her by the Securities and Exchange Commission after she violated U.S. securities laws. For any individual facing fraud charges in the Nevada area, contact the law firm of Joel M. Mann for expert legal counsel today.

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