Paul Horton, Sr
Age at the time of arrest: 61
Date of sentencing: August 2024
Summary:
Paul Horton, Sr. was sentenced to 15 years and 8 months in federal prison for conducting a nearly 20-year Ponzi scheme that obtained more than $24 million from at least 200 investors. Horton has also been ordered to pay $13,331,505 in restitution.
Smith ran his scheme through Northstar Communications, LLC. Smith communicated with victims: 1) in person, 2) email, and 3) text messages. Smith typically told victims that their investment would generate a fixed rate of return and was a “safe investment”.
Akil Davis, Assistant Director In Charge of the FBI Los Angeles Field Office stated the following: “The fact that the bulk of his investors were seniors, men and women alike, and in various stages of vulnerability, makes this case all the more heartbreaking.”
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