Seth Adam Depiano was already serving a nearly 13-year sentence for defrauding investors in a Ponzi scheme and now faces new charges for allegedly operating more schemes from jail.
Prosecutors allege that while incarcerated, Despiano ran a $10 million fraudulent real estate scheme using contraband phones and fictitious identities to deceive investors.
Co-conspirators were accused of meeting in person with victims and laundering proceeds through Las Vegas casinos and shell companies, showcasing a sophisticated operation.
Despiano's mother expressed her anguish in a letter during his previous sentencing, urging for help instead of a lengthy prison term, indicating a complex family dynamic.
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