An Owensboro man has been sentenced in connection to a pyramid scheme he ran from 2013 to 2014.
Officials say 55 year-old Richard Maike has been sentenced to ten years in prison after a three month jury trial.
According to court documents, Maike and another man Doyce Barnes from North Carolina, sold positions in “Infinity 2 Global”, or I2G, which the United States proved at trial was operating as a pyramid scheme.
Maike was also convicted of money laundering.
Maike has been ordered to pay a $100,000 fine.
A restitution hearing is set for February of 2023.
Source: WBKO
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