HONOLULU (AP) – A man convicted in a Ponzi scheme that prosecutors say was run from behind prison walls has been ordered to serve more than seven years in prison.
Perry Griggs was sentenced Friday for his role in bilking millions from Hawaii prison inmates and their families.
The sentencing of the 49-year-old Griggs comes after his wife, Rachelle Griggs, was sentenced earlier this week to four years in prison for her role in the scheme.
After Perry Griggs serves his 87-month sentence, he’ll be on supervised release for another three years.
Prosecutors say the couple marketed a bogus investment program to prison inmates and their families when Perry Griggs was incarcerated in mainland federal prisons.
He was arrested after being released from prison.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
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