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Justice has been served for 63 investors who lost $9 million. U.S. District Judge John A. Gibney Jr. sentenced Merrill Robertson Jr., 39. Robertson, a former standout football player at L.C. Bird High School and the University of Virginia to 40 years in prison. So reports The Washington Post

american football 311817 1280Robertson was convicted of conspiracy , mail/wire fraud, money laundering that victimized family, friends, and colleagues in an investment and loan scheme. This crime cost people their homes, their entire life savings, leaving a lot of them close to broke, without retirement savings, and with wrecked credit scores. Some of them had no choice but to declare bankruptcy. One of the victims claimed that her husband committed suicide due to the shame and embarrassment of a failed investment.

Sherman Carl Vaughn, 48, committed this crime with Robertson. Vaughn was sentenced 12 years in prison. Their company, Cavalier Union Investments LLC and Black Bull Wealth Management LLC was formed in 2008 and officially closed at 2016. They preyed on retirement savings and convinced their victims to invest in private funds.

Read the full article from The Washington Post.

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