A 18 -year -old man was sentenced to New York for 24.5 million dollars, as he defrauded more than 200 victims in fake loan programs and used money to finance lifestyle from luxury goods and luxury residencies – while some of his bankrupt victims struggled to pay for chemotherapy.
Francius Marganda, 42, was sentenced on Thursday in the Brooklyn Court regarding a three -year plan management, Public Prosecutors in New York Advertise. He was ordered to pay $ 8.5 million as compensation and $ 7.5 million in confiscation.
Prosecutors said that Marganda managed the plan from May 2019 to May 2021 while living in New York after his visa exceeded.
In the plot, he asked the American Indonesian and Indo-Indo investors to invest in two SHAM programs, called Easy Transfer and Global Transfer. He and the participants have claimed falsely that programs are short -term loan programs where investors can gain negative income, and promising rates of up to 200 % or more.
Instead of investing these funds, it was claimed that Marganda and his participation in conspiracy have mixed money for their own benefit, spending on real estate, luxury goods, and payment of credit card bills while washing the returns in their bank account.
In one case, more than $ 3.8 million of the chart revenue was transferred to one of Marganda’s personal accounts for 11 months, and more than $ 264,000 was used in the returns to pay for his credit card bills.
The scheme collapsed in May 2021 when Marganda and Co-Consports stopped paying payments to investors.
Prosecutors said Marganda fled from the United States and obtained an Indonesian passport under a fake name. Then he continued to use the scheme’s money to stay in luxury hotels around the world – including France, Maldives, Nepal and Thailand.
At least 237 victims, between the ages of 24 to 84, were determined, with losses of more than 24.5 million dollars.
The victims were held at at least 31 states, including New York and Washington, DC, as well as Indonesia and Malaysia.
The prosecutors said in a press statement: “Many victims had limited means and collected their resources with relatives and friends to make investments in the US and Indonesian dollar.”
The victims’ statements were presented to the ruling on Marganda, and many said that fraud caused their bankruptcy, the loss of almost all their savings, and suffering from serious hardship.
One of the victims has struggled to pay the chemotherapy for a family member, due to fraud. Another struggled to pay the costs of medical expenses associated with the diagnosis of lung cancer in the fourth stage of family members. The statement said that others lack the money to travel and pay respect after the death of their parents.
In November 2023, Marganda was delivered from Singapore to the United States, which was admitted to the guilty of securities in July.
John J. Durham, the American lawyer in the eastern region of New York, in a statement, “Marganda’s attempt to evade justice to flee in the middle of the road around the world to hide in luxury hotels was sterile, and today was discovered in a federal court hall in Brooklyn.” “I hope this claim will bring a degree of relief to the victims of Marganda’s fraud, who trusted it in the savings of their lives because of their common nationality and were harshly exploited.”
“Although very disappointed in what is the extraordinary sentence of the perpetrator for the first time, Mr. Marganda will use his time behind bars in a productive way and will seek to push his victims back when he is released,” Marganda’s lawyer, Florian, told NBC News.
