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Norwalk Man Sentenced For Running $5M Ponzi Scheme
A Fairfield County man has been sentenced to 42 months in prison in connection with his years-long Ponzi scheme to defraud customers of nearly $5 million.
James T. Booth, 75, of Norwalk, was sentenced in Manhattan Federal Court on Tuesday, Nov. 17, Audrey Strauss, the Acting U.S. Attorney for the Southern District of New York said.
Booth, who ran Booth Financial Associates, pleaded guilty in October 2019 to the crimes.
According to the U.S. Attorney's Office, Booth ripped off clients of nearly $5 million through a variety of lies and misrepresentations.
“Today, James T. Booth was se…
