Vincent Singh, a Ponzi schemer who preyed on the members of his own ethnic Indian Fijian community in the Sacramento region, was sentenced Thursday to 15 years and eight months in federal prison.
In sentencing Singh, U.S. District Judge Morrison C. England Jr. said his crimes were “the worst of their kind that I’ve seen in 12 years as a federal judge.”
Court papers show that over a three-year period, Singh cheated 190 people of Indian Fijian descent who are members of a small, tight-knit community in and around Sacramento, out of $22 million, then filed for bankruptcy protection.