Developer who bilked condo buyers in Coachella resort scam gets 20 years in prison
Briefly

A developer who tricked more than 160 would-be buyers into giving her at least $26 million in down payments for condos at a Coachella resort she never built was sentenced Monday to 20 years in prison.Ruixue "Serena" Shi, 38, used the stolen money to pay for luxury cars, worldwide travel and a high-fashion wardrobe, court records show.
Read at Los Angeles Times
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