170 monthsRick Koerber's sentence for a Ponzi scheme he said was inspired by God
A Utah real estate promoter who told fellow Latter-day Saints his investment program was inspired by God was sentenced to 170 months in prison after investors lost $45.2 million.
Prosecutors said Rick Koerber knew exactly what to say to get fellow church members to invest in Founders Capital and Franklin Squires, a Ponzi scheme that paid earlier investors with later ones' money; some individual investors lost more than $1.5 million.
Source: KSL.com. Read more: affinity fraud · case file