Okun Sentenced to 100 Years: Guilty on 23 Counts of Fraud

The final chapter is over for the prosecution portion of the Ed Okun 1031 Tax Group rip off. The victims continue to watch their restitution go down the drain but in a show of force Ed Okun, the architect of a $126 million ponzi scheme, was sentenced to 100 years in prison today. Okun’s lawyers were seeking a sentence of 10-15 years. Thankfully Okun’s attorneys had no power in making that sentence a reality.

The Richmond Dispatch Times article.

The article that started it all 1031 Advance Private Exchange Company Missing In Action In Silicon Valley.

Top deansguide Ed Okun articles from the archives:

https://deansguide.wordpress.com/2007/06/20/one-of-the-350-victims-of-ed-okuns-bankrupt-1031-exchange-empire-speaks-outthe-most-compelling-case-yet-for-action-to-be-taken/

https://deansguide.wordpress.com/2009/03/19/okun-juror-speaks-out-okun-guilty-could-face-400-years-deansguide-odyssey-ends/

https://deansguide.wordpress.com/2009/06/23/usa-vs-ed-okun-amended-preliminary-restitution-report/

https://deansguide.wordpress.com/2009/02/14/ed-okun-victim-cautions-landamerica-victims-challenges-government-admonishes-1031-exchange-industry/

https://deansguide.wordpress.com/2008/04/18/mystery-caller-claims-okun-broke-without-representation-gordon-gecko-a-cautionary-tale/

https://deansguide.wordpress.com/2007/06/29/ed-okun-promises-to-make-good-is-this-a-checks-in-the-mail-statement/

Thanks to Leanne Follis for her timely tip to the Okun verdict. Here is Leanne’s comment:

Dean,
Have you seen this?
http://www2.timesdispatch.com/rtd/news/local/article/OKUNGAT04_20090804-142201/283992/

Ed Okun.. sentenced to 100 years!!! Finally, some justice. Now we wait to see Lara Coleman and the
others to rec. their new sentences, what they pled to.

Check it out!!!

from: a former employee

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