Richard Dale Sterritt, Jr., also known as 'Richard Richman', was sentenced to 18 years in prison for swindling $17 million from investors. He pleaded guilty to multiple charges including conspiracy to commit securities fraud and wire fraud, related to investments in Zona Energy and stock manipulation of OrgHarvest, Inc. Additionally, the court ordered him to forfeit $17 million and pay approximately $16.3 million in restitution. Sterritt's history of being a repeat offender was considered during sentencing, highlighting the severity of financial fraud crimes.
The sentencing of Richard Dale Sterritt, Jr. serves as a reminder of the consequences of financial fraud, particularly for repeat offenders.
Sterritt was sentenced to 18 years in prison and ordered to forfeit $17 million and pay $16.3 million in restitution to his victims.
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