News

Texan Who Fled To Greece Sentenced In Ponzi Scam

View Comments
File photo of a prison cell block. (Photo by TIMOTHY A. CLARY/AFP/Getty Images)

File photo of a prison cell block. (Photo by TIMOTHY A. CLARY/AFP/Getty Images)

Featured Items

Small-Wtt8 Offensive Stars J.J. Watt Is Better Than

Small-WttTerran Hilow W/ Triple Threat

77820352_8Hot Cheerleader - Funny Faces 2014

From Our CBS Music Sites

77820352_8JJ Watt Sends Pizza To Houston Police & Firefighters

77820352_8It's Official, Katy Perry Will Perform at the Super Bowl Halftime

listicle41 Texan Who Fled To Greece Sentenced In Ponzi Scam The Health Benefits Of Growing A Beard

77820352_8Fight Ensues Because Of A McGriddle [VIDEO]

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

FORT WORTH, Texas (AP) — A North Texas businessman who fled to Greece after pleading guilty to running a Ponzi scheme has been returned and sentenced to more than 17 years in a U.S. prison.

A federal judge in Fort Worth also ordered 34-year-old Christopher Blackwell of Colleyville to repay about $8.6 million.

Investigators say Blackwell, who was arrested last April on the Greek island of Corfu, ran the scheme from 2007 to mid-2011. He was indicted on two counts of wire fraud before being arrested in Phoenix. Authorities say Blackwell pleaded guilty but fled before sentencing.

Prosecutors say Blackwell defrauded dozens of people by using their money for his personal benefit and to repay previous investors.

He was sentenced Wednesday.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 25,289 other followers