Plea deal accepted in Ponzi-scheme case in Montana
Flathead County District Court Judge Amy Eddy on Wednesday accepted a plea deal in the Ponzi case of Catherine Ann Finberg.
In the deal, Finberg agreed to plead no contest Dec. 28 to a felony count of embezzlement, common scheme; guilty to operating a pyramid promotional scheme and guilty to two counts of fraudulent security practices in exchange for the state dropping a charge of failure to register as a securities broker.
Finberg has also agreed to serve a 10-year sentence in Montana State prison, with an additional 30 years suspended, though under Montana law, she’d be eligible for parole in 2-1/2 years.
The court did receive a letter from a victim asking that Finberg serve no time in prison, but Eddy said she would hold to the plea agreement.
Read more: http://www.dailyinterlake.com/article/20170127/ARTICLE/170129865