Gary Todd Smith
Location: NY
Age at the time of sentencing: 47
Date of sentencing: December 2019
Currently, Gary Todd Smith is sentenced to 40 years in prison and was ordered to pay $63.49 million in restitution.
Gary Todd Smith worked alongside his father, Gary Truman Smith, at an agency his father founded nearly 40 years ago called Smith Advertising & Associates. This company was successful up until the mid-2000s, when they ran into financial troubles. Instead of declaring bankruptcy, the Smiths preyed upon friends, family, and fellow churchgoers to invest in their company. Like a classic Ponzi scheme, Smith used new investments to pay off earlier investments
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