- Associated Press - Friday, January 30, 2015

RIVERHEAD, N.Y. (AP) - A New York man has been sentenced to decades behind bars for a land investment fraud that cheated clients out of their retirement savings.

Suffolk County District Attorney Thomas Spota (SPOH’-tuh) says Paul White of Huntington, New York got a sentence of 21 to 63 years Thursday. The court also ordered White to pay seven victims a total of $2.9 million.

The DA says White conned investors by promising lucrative federal tax benefits in commercial real estate transactions.

White claimed to be a financial adviser operating under the name of Professional Investment Advisor Inc. Instead of investing the victims’ money, the DA says White “financed a comfortable lifestyle” for himself.

His purchases included a farm in Cleveland County, North Carolina, that he turned into a game reserve.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide