Matthew La Madrid Sentenced for His Role Masterminding $30 Million Ponzi Scheme and Mortgage Fraud

Matthew La Madrid Sentenced for His Role Masterminding $30 Million Ponzi Scheme and Mortgage Fraud

July 29, 2011 – (RealEstateRama) — United States Attorney Laura E. Duffy announced that Matthew “Beau” La Madrid was sentenced today by U.S. District Court Judge William Q. Hayes to serve a lengthy federal prison term in connection with his operation of the Plus Money Premium Return Funds (“PRF”) and related real estate investment and mortgage fraud schemes. The defendant entered his guilty plea on January 3, 2011.

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