Con Man Has Only Days To Pay Millions In Fines, Restitution

Investment manager Gordon A. Driver isn't going to jail, but he will be writing checks for millions to people he defrauded in a $14.3 million Ponzi scheme. Orange County Weekly in California reported that a federal judge has ordered Driver to pay $9.6 million in restitution and a civil penalty of $31.8 million, after he blew money from his investors on luxuries and gambling junkets. Driver had fooled investors with phony documents and promises of 43 percent returns each month. The fines and penalties had been sought by the U.S. Futures Trading Commission, the Weekly said, and the judge gave Driver only until July 22 to make payment.

Con Man Has Only Days To Pay Millions In Fines, Restitution

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