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Still claiming innocence, man gets 16 years in Ponzi scheme

Still insisting he was “blindsided” and pressured by prosecutors and his own attorney to plead guilty, Anthony Vassallo was ushered out of a Sacramento courtroom Friday by deputy U.S. marshals to serve a 16-year sentence in federal prison for running a Ponzi scheme that bilked investors out of millions of dollars. Vassallo, who ranks with the region’s premier fraudsters, pleaded guilty to wire fraud on Feb. 1. He then tried to withdraw his plea, claiming his residency in the Butte County jail made it impossible for him to assist in trial preparation. More in The Sacramento Bee here.

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