In addition to the prison sentence, Mr Jorgensen, 53, of Charlotte, North Carolina, was sentenced to two years of supervised release and ordered to pay $2,532,775.52 in forfeiture.
Altogether, the defendants and their associates misappropriated approximately $130 million in investor funds and spent the money on luxury goods, houses, cars, watches, and a boat.
Mr Metcalf said U.S. authorities will not tolerate criminals overseas defrauding its citizens.
The United States Attorney’s Office asked the court to sentence Brosnan to two years’ probation and the maximum fine of $5,000.
If convicted, each of the offences carries a maximum of 20 years in prison.
“Today’s sentencing of Mustapha Raji should send a clear message that email scams targeting businesses in this District will not be tolerated.”
The promoter conspired with others to defraud investor victims by inducing them to invest in their companies, Start Options and B2G.
Today Danske Bank pled guilty to conspiring to commit bank fraud, will forfeit over $2 billion, and will implement and maintain a revamped compliance program and AML controls.
