A former investment advisor was sentenced today in U.S. District Court here to five years in federal prison for orchestrating a Ponzi scheme in which he defrauded his clients of more than $7 million. Lee D. Weiss, 51, was also ordered by U.S. Eduardo C. Robreno to serve three years of probation following his prison term and pay $7.5 million in restitution.
United States Postal Inspection Service