Richmond man gets 25 years in prison after $4 million Ponzi scheme

A Richmond man is headed to prison after pleading guilty to securities fraud which cost victims millions of dollars. Mejdi Mahmoud Abousaoui, 37, was sentenced to 25 years in prison after pleading guilty to first-degree securities fraud, the Fort Bend County District Attorney’s Office said in a news release on Tuesday.

Original Article: https://www.houstonchronicle.com/neighborhood/sugarland/article/Richmond-man-gets-25-years-in-prison-after-4-16546015.php


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