A jury has discovered Richard Maike and his fellow Infinity2Global scammers responsible on all expenses.
The September seventh verdict follows a mammoth prison trial that started on July twelfth.
As to Richard Maike, founding father of Infinity2Global, the jury discovered him responsible on all counts of
- Conspiracy to Commit Mail Fraud;
- Conspiracy to Commit Securities Fraud;
- Cash Laundering (9 counts); and
- Tried Tax Evasion
Maike’s co-conspirators, Doyce G. Barnes and Faraday N. Hosseinipour, each promoters of Infinity2Global, had been every discovered responsible on one depend of Conspiracy to Commit Mail Fraud.
Sentencing of the three defendants has been scheduled for December twelfth.
I couldn’t discover a sentencing vary however I think about Maike might be spending a couple of a long time in jail.
Undecided on Barnes and Hosseinipour, as they had been convicted of 1 depend every.
Legal expenses had been filed in opposition to Maike and 5 Infinity2Global co-defendants again in 2017.
BehindMLM reviewed Infinity2Global in 2013, noting the “sturdy risk” of a Ponzi scheme.
The unique trial date was initially scheduled for January 2019. It was pushed again for numerous causes till July 2023.
One of many I2G defendants, Richard Anzalone, pled responsible in Might. On July 1st the court docket authorized splitting Infinity2Global prison proceedings into two trials.
The trial that simply concluded was that of Maike, Barnes and Hosseinipour. The second trial for Dennis Dovrin and Jason Lyn has but to be scheduled.