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Federal prosecutors are asking a judge to sentence the founder of American Entertainment Distributors Inc. to 23 years in prison for conspiracy, fraud and violating a court order banning him from selling business opportunities, according to the South Florida Sun-Sentinel in Fort Lauderdale, Fla. Russell MacArthur, 43, pleaded guilty to those charges in February.
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Editor's Insight: This individual bilked around 400 people out of around $20 million. He certainly should get the full 23 years for this crime. He played a key role in this scam despite an earlier ruling prohibiting him from participating in the sale of business opportunities.
The defense attorney had the gall to claim that the losses to investors have been exaggerated. The prosecutor had a tape recorded conversation in which the huckster acknowledged planning to close the operation when the complaints reached a certain level before moving on to another project. They even had paid "satisfied customers" to lie to investors about their experiences with the machines. 05-16-08 by Elliot Maras