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NATIONAL: Woman Gets 12 Years for Scamming Black Folks
January 22nd, 2009A judge sentenced a southern California woman to more than 12 years in prison Tuesday for orchestrating an $18-million scam that preyed largely on middle-class Black folks, The Los Angeles Times reports. Jeanetta M. Standefor, 40, pleaded guilty in September to operating a company that duped investors into believing they would earn profits by salvaging properties that were on the brink of foreclosure. Standefor funneled some $14 million back to early investors and paid them fat profits to perpetuate the scheme, the Times reports. More than half of the 650 investors lost everything they put in, in some cases their life savings. Standefor pocketed nearly $2 million over a two-year period, remodeling two homes, taking trips, attending sporting events and buying jewelry and luxury cars. “If that’s not living large . . . I don’t know what is,” said Executive Assistant U.S. Atty. Stephanie Yonekura-McCaffery, who prosecuted the case, which was investigated by the FBI. U.S. District Judge Percy Anderson told Standefor that even though she was convicted of a so-called white-collar crime, she was just as guilty as if she’d “taken a gun out and held it to the victims’ heads.”
She should have taken 50 billion then she could stay at home.
HEY!!! SHE WILL BE NEXT DOOR NEIGHBORS TO..” MR MADE OFF”!!
They should have given her 1 day for EVERY $1 dollar she pocketed.
32,876 years :evil grin:
She was doing a good deed.!!
This woman’s greed makes it harder now for other legitimate black woman entrepreneurs to be trusted and taken seriously. What a shame…and to her own people! Umph, umph, umph!
Will the victims get there money back?
That was my mother!! Now We will have to sell our trailer!! Oh wear ..Oh wear is my underdog!! Oh wear ..Oh wear can he beeeeeeeeeee!!.My beefy lover will be upset when he comes home from work!!
My friends describe me a soft, kind and sincere guy with good looking. I would like to meet a beautiful black girl who knows how to treat his man on all sides. Feel free to contact me on the famous online hub ” __ http://DateRichSingles.com
Those black people should have checked things out before giving there money out they were being stupid and greedy , on matter want the out come they have lost there money.
typical negro once again
ashash,
so many nasty bitter white people on BET blogs lately…I wonder why? why are we getting so much of your attention? LOL
GO PRESIDENT OBAMA!!!
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