John J. Woods
Source: Chattanooga Times Free Press
Location: Georgia
Age at the time of arrest: 58
Date of sentencing: February 8, 2024
John J. Woods was sentenced to seven years, eleven months in federal prison.
Woods operated a 13-year Ponzi scheme under the name of “Horizon Private Equity”. Woods victimized more than 400 investors in at least 20 different states and stole approximately $110 million, of which $49 million was not recovered. According to a U.S. D.O J. press release dated February 8, 2024, U.S. Attorney Ryan K. Buchanan stated the following: “Woods abused the trust of his victims, including retirees, seniors, and military veterans, who lost their life savings and retirement accounts due to his greed.” Additionally, the press release also stated that Woods used some of the money to purchase interest in a baseball team in his name.
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