Asset Sales Raise $7 Million for Victims of Decatur Ponzi Scheme
Sales of homes, jewelry and other assets that once belonged to a former Decatur resident convicted of investment fraud have raised more than $7 million. But that's less than a third of the money William Huber was convicted of stealing.
The (Decatur) Herald & Review reports (http://bit.ly/pVqG6C) that court documents indicate most of Huber's former assets have been found and sold.
That includes homes in Florida and California as well as cars and clothes. One of the more recent sales was $39,000 worth of jewelry.
Huber was sentenced to 20 years in prison in December after he pleaded guilty to running a Ponzi scheme that stole $23 million from investors.
Huber is now 62 and in prison in California. He's appealing his sentence claiming it's too long.