A Louisiana businessman who pleaded guilty to defrauding about 180 mostly elderly investors out of nearly $20 million in a Ponzi scheme has been sentenced to 30 years in prison. Matthew Pizzolato agreed to pay more than $15 million in restitution before he was sentenced. Pizzolato pleaded guilty to fraud,... more »
A Louisiana businessman has pleaded guilty to charges he defrauded about 180 investors out of nearly $20 million and used some of the money to pay for cars, cruises, sports tickets and a house.
Sentencing guidelines call for 26-year-old Matthew Pizzolato, of Tickfaw, to serve a prison sentence of... more »
A lawyer for a Louisiana businessman charged with defrauding investors out of nearly $20 million in an alleged Ponzi scheme has asked to withdraw from the case. Matthew Pizzolato's attorney, Dylan Utley, said in a court filing Monday that his client can't afford to pay him for his legal services.... more »
A businessman from Tangipahoa Parish pleaded not guilty to defrauding investors out of nearly $20 million in an alleged Ponzi scheme. Matthew Pizzolato, of Tickfaw, was arraigned Monday. He's being held without bond. Pizzolato was arrested last month on charges that include securities fraud, money laundering and obstruction of justice.... more »
A businessman who had offices in Baton Rouge, Covington, Hammond and Lake Charles was indicted by a federal grand jury on charges he defrauded investors out of roughly $19.5 million. Investigators say Matthew B. Pizzolato used investor funds to buy such personal luxuries as cars, furniture, jewelry and cruises, as... more »