A San Juan Capistrano man convicted last year of bilking 124 elderly investors of more than $11 million in a Ponzi scheme was sentenced to 90 years and eight months in prison.Jeffrey Gordon Butler, 51, was convicted in June of 694 felony counts of stealing from elderly investors through the illegal sale of unqualified securities and filing false tax returns.
The case is one of the largest elder-abuse cases ever prosecuted in the history of the Orange County District Attorney's Office.
The final sentence – handed down over a period of days by Superior Court Judge James A. Stotler – likely means that Butler will not live long enough to become eligible for parole.
Stotler later sentenced Butler's wife, Peggy Warmath Butler, 49, to one year in jail, to be served during seven years probation on her convictions of aiding another in the preparation of a false tax return and three counts of filing false tax returns. Stotler warned her that if she could be sent to prison later if she violates any conditions of probation.
The judge sentenced Jeffrey Butler to consecutive terms in prison on dozens of counts after he heard emotional victim-impact statements last month from victims who said they lost most of their retirement savings to a man they had trusted.
"I've never known a man who can look you straight in the eye and lie," victim Larry Schiel told the judge. "He didn't show any compassion for his victims or what they've been through."
Full Article and Source:
Man Gets 90 Years for Bilking Elderly Investors of $11 Million
See Also:
Jeffrey Gordon Butler Victims Give Impact Statements
7 comments:
90 years?
Great job to the victims who did the right thing and to:
1) the investigators who believed what the victims were telling them; they had a difficult job to track the money trail and
2) the prosecutors who had to agree to prosecute the case, they had a big job proving their case
3) the jury who came to a just verdict and
4) Superior Court Judge James A. Stotler who handed down a harsh, just sentence = life in prison and that is exactly the type of punishment Jeffrey Butler earned and deserves.
This is the type of news that will send a loud screaming message to others with criminal minds, in this case crime does not pay.
90 years? Now we're talking. And after Jeffrey Gordon Butler's dead, they should leave his coffin in prison as an example to all those who might consider following in his filthy footprints.
Thanks helensniece for your list of reminders of the heros of this appropriate verdict.
Oh, I bet the victims smiled ear to ear! This is wonderful news!
What's this? Accountability? I'm not used to that - I think I'll faint!
Bye-bye Jeffrey Gordon Butler. By the time you get out of the big house, you'll be as old as the people you preyed upon.
This man so thoroughly disgusts me.....spending the rest of his life in a cage doesn't seem punishment enough for this pig.
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