Woman Sentenced in Wetzel County Budget Finance Ponzi Scheme

Photo by Lauren Matthews Donna Brown, owner of the now-defunct Budget Finance Co. in New Martinsville, was sentenced to more than 10 years in a federal prison Monday for scamming investors out of millions.

Wheeling News Register — The kingpin of an investment crime that Wetzel County Prosecutor Timothy Haught has called the largest Ponzi scheme in West Virginia history was sentenced Monday to more than 10 years in federal prison.

U.S. District Court Judge Frederick P. Stamp of the Northern District of West Virginia sentenced Donna S. Brown, 66, of Clarington, to 10 years and one month in a federal prison on each of three felony counts against her, to be served concurrently.

That sentence came after she scammed a reported 800 or more investment accounts out of what could exceed $31 million, according to court documents.

“This is the absolute top of the advisory federal sentencing guidelines,” Stamp said, noting he chose the maximum amount per charge because of “the extreme seriousness of the offense” and harm against Brown’s numerous victims.

After prison, she’ll serve three years of supervised release.

Read the rest of the story… Wheeling News Register

Source: Woman Sentenced in Wetzel County Budget Finance Ponzi Scheme