Pa. swindler gets 17 years for $23M scheme
PHILADELPHIA (AP) - May 5, 2011 (WPVI) -- A con man who lured investors at polo and yacht clubs from Florida to Maine will spend 17-1/2 years in prison for a $23 million pyramid scheme.
A U.S. judge in Philadelphia says Donald "Tony" Young "took his act north" when he left behind his modest Georgia childhood and ingratiated himself with the country-club set in Chester County, Pa.
The 39-year-old Young gained the trust of a Campbell Soup heir and other wealthy investors, and ultimately built a sprawling mansion for his family.
Victims say he used his polo and yacht club memberships in Florida, Pennsylvania and Maine to make contacts.
Several say they are now penniless.
A public defender argued unsuccessfully that Young deserved a break because he admitted his crimes soon after federal regulators caught on to him.
pennsylvania, chester county, ponzi scheme, local/state
- Fmr. Devon Prep teacher faces child porn charges 9 min ago
- Mostly sunny, very windy today
- Get the 6abc StormTracker app
- WATCH: Action News Online
- Eye doc grew pot in Delco home, police say 35 min ago
- Apparent misunderstanding in police shooting
- Detectives serve warrants at Chester police station
- New 'object of interest' in missing jet hunt
- 3 shot during funeral at Trenton church
- Photo released of anti-Semetic vandalism suspect 49 min ago
- 6abc viewer helps police nab $18K jewelry suspect
- Photos: Suspects wanted by Philadelphia Police
- Video: Video gamer is the victim of SWATting hoax
- What would you ask Mayor Nutter?
6abc.com News Links
Most Viewed StoriesMost Viewed Photos