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KRMG Local News

Ponzi Scheme Sentence

By
Paul Crockett
@ September 30, 2008 2:57 PM Permalink | Comments (0) | TrackBacks (0)

(Muskogee, OK) -- From ponzi to prison. Phillip Lavaughn Raglin has been sentenced to ten years in a federal lockup for scamming investors out of nearly $1 million dollars. The 23 year old Wagoner man pleaded guilty to one of 18 counts in an indictment accusing him of masterminding the scheme.

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