Ponzi Scheme Operator Sentenced To 20 Years In Prison

A man was in federal court in the Middle District of Pennsylvania on Thursday, to learn his fate for his part in a nationwide Ponzi scheme. 42 year old Perry Santillo of Rochester, NY was sentenced to 20 years in prison for mail fraud. Santillo previously pleaded guilty, admitting as part of a plea deal, that he took in around $115 million in fraudulent investments that resulted in a total loss to investors… some from here in Monroe County… of more than $70 Million.