The saga of Bar Works, one of New York’s biggest ever real estate scams, crossed a milestone last week when a perpetrator of the Ponzi scheme was sentenced to more than 11 years in prison.
James Moore was also ordered to pay $58 million in restitution by U.S. District Judge Richard Berman, who recommended the 60-year-old British national serve his 140-month sentence near his Miami home.
Pamela Spooner of the U.K., who is in her 60s, lost her pension savings and said she thought about suicide almost every day.
“All that stops me is knowing I would heap even greater pain on my daughter,” she told the court.
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