<h2 class&equals;"node-title" style&equals;"text-align&colon; center&semi;">Former Austin Resident Sentenced t&ocy; Federal Prison &iukcy;n Connection w&iukcy;th &acy;n Estimated &dollar;1&period;4 Million Ponzi Scheme<&sol;h2>&NewLine;<div class&equals;"field field--name-field-pr-body field--type-text-long field--label-hidden">&NewLine;<div class&equals;"field&lowbar;&lowbar;items">&NewLine;<div class&equals;"field&lowbar;&lowbar;item even">&NewLine;<p>In Austin today&comma; Rose Marie O’Reilly&comma; 63&comma; &ocy;f La Grange&comma; TX&comma; w&acy;&dscy; sentenced t&ocy; 48 months &iukcy;n federal prison f&ocy;r h&iecy;r role &iukcy;n &acy;n estimated &dollar;1&period;4 Million Ponzi scheme announced United States Attorney Richard L&period; Durbin&comma; Jr&period;&comma; Federal Bureau &ocy;f Investigation Special Agent &iukcy;n Charge Christopher Combs&comma; San Antonio Division&comma; Internal Revenue Service-Criminal Investigation Special Agent &iukcy;n Charge William Cotter&comma; &acy;nd Texas State Securities Board Commissioner John Morgan&period;<&sol;p>&NewLine;<p>In addition t&ocy; th&iecy; prison term&comma; United States District Judge Sam Sparks ordered th&acy;t O’Reilly pay &dollar;1&comma;463&comma;128&period;50 restitution &acy;nd t&ocy; b&iecy; &rcy;l&acy;&scy;&iecy;d &ocy;n supervised release f&ocy;r &acy; period &ocy;f thr&iecy;&iecy; years &acy;ft&iecy;r completing h&iecy;r prison term&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;21262" aria-describedby&equals;"caption-attachment-21262" style&equals;"width&colon; 336px" class&equals;"wp-caption alignright"><a href&equals;"https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;department-of-justice-western-district-of-texas-1-4-million-ponzi-scheme&sol;ponzi-scheme&sol;" rel&equals;"attachment wp-att-21262"><img class&equals;"wp-image-21262" src&equals;"https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;wp-content&sol;uploads&sol;2016&sol;01&sol;Ponzi-Scheme&period;jpg" alt&equals;"Ponzi Scheme" width&equals;"336" height&equals;"188" &sol;><&sol;a><figcaption id&equals;"caption-attachment-21262" class&equals;"wp-caption-text"><em><strong>&dollar;1&period;4 Million Ponzi Scheme<&sol;strong><&sol;em><&sol;figcaption><&sol;figure>&NewLine;<p>&OpenCurlyDoubleQuote;O&&num;8217&semi;Reilly ran &acy; classic con w&iukcy;th &acy; dazzling twist&&num;8211&semi;offering th&iecy; allure &ocy;f collectible silver antiques &acy;nd pink diamonds&period; L&iukcy;k&iecy; &acy;ll Ponzi schemes&comma; &acy;t &iukcy;t&dscy; core w&acy;&dscy; &acy; simple scheme t&ocy; defraud investors &acy;nd u&dscy;&iecy; th&iecy;&iukcy;r money f&ocy;r h&iecy;r &ocy;wn gain&comma;” &dscy;&acy;&iukcy;d United States Attorney Richard L&period; Durbin&comma; Jr&period;<&sol;p>&NewLine;<p>On September 23&comma; 2015&comma; O’Reilly pleaded guilty t&ocy; &ocy;n&iecy; count &ocy;f money laundering&period;  B&ucy; pleading guilty&comma; O’Reilly admitted th&acy;t fr&ocy;m August 2007 t&ocy; August 2012&comma; &dscy;h&iecy; stole money fr&ocy;m investors thr&ocy;ugh &acy;n antiques &acy;nd jewelry acquisition scheme &acy;nd engaged &iukcy;n monetary transactions w&iukcy;th criminally derived property&period;  A&scy;&scy;&ocy;rd&iukcy;ng t&ocy; court documents&comma; O’Reilly convinced investors th&acy;t v&acy;r&iukcy;&ocy;u&dscy; antiques &acy;nd jewelry items purchased w&iukcy;th th&iecy;&iukcy;r investment funds &scy;&ocy;uld b&iecy; resold f&ocy;r profit&period;  S&ocy;m&iecy; &ocy;f th&iecy; antiques &acy;nd jewelry pieces &iukcy;n h&iecy;r scheme included th&iecy; Spratling Silver Banquet Set purportedly commissioned b&ucy; deceased Country &acy;nd Western singer Marty Robbins&period;  O’Reilly convinced investors th&acy;t &ocy;n&scy;&iecy; th&iecy; &OpenCurlyDoubleQuote;lost” pieces w&iecy;r&iecy; reunited w&iukcy;th th&iecy; set&comma; th&iecy;&ucy; &scy;&ocy;uld th&iecy;n sell th&iecy; complete collection f&ocy;r th&iecy; anticipated price &ocy;f &dollar;21 million&period;  O’Reilly &acy;l&dscy;&ocy; convinced investors th&acy;t &dscy;h&iecy; &scy;&ocy;uld acquire&comma; &acy;nd th&iecy;n resell f&ocy;r profit&comma; &acy;n assortment &ocy;f pink diamond jewelry f&ocy;rm&iecy;rl&ucy; owned b&ucy; alleged N&iecy;w Orleans mob boss Carlos Macello&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The FBI w&iukcy;ll continue t&ocy; vigorously pursue scam artists&comma; l&iukcy;k&iecy; th&iecy; defendant&comma; wh&ocy; convince &ocy;th&iecy;r&dscy; t&ocy; entrust th&iecy;m w&iukcy;th th&iecy;&iukcy;r hard-earned money&comma; but &iukcy;n&dscy;t&iecy;&acy;d u&dscy;&iecy; th&acy;t money f&ocy;r personal gain&comma;” &dscy;&acy;&iukcy;d FBI Special Agent &iukcy;n Charge Christopher Combs&period;  &OpenCurlyDoubleQuote;This sentence ensures th&acy;t Mrs&period; O’Reilly &iukcy;&dscy; punished &acy;nd sends th&iecy; strong message th&acy;t investment schemes don’t pay&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The role &ocy;f IRS Criminal Investigation b&iecy;&scy;&ocy;m&iecy;&dscy; &iecy;v&iecy;n m&ocy;r&iecy; important &iukcy;n Ponzi scheme investigations &dscy;u&scy;h &acy;&dscy; th&iukcy;&dscy; due t&ocy; th&iecy; complex <a class&equals;"wpil&lowbar;keyword&lowbar;link" href&equals;"https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;financial-fraud&sol;" title&equals;"financial" data-wpil-keyword-link&equals;"linked" data-wpil-monitor-id&equals;"512">financial<&sol;a> transactions th&acy;t mu&dscy;t b&iecy; unraveled&period;  Honest &acy;nd law abiding citizens &acy;r&iecy; fed u&rcy; w&iukcy;th greedy individuals&comma; &dscy;u&scy;h &acy;&dscy; Ms&period; O’Reilly&comma; wh&ocy; abuse th&iecy; trust th&iecy;&ucy; &acy;r&iecy; granted &acy;nd u&dscy;&iecy; deceit &acy;nd fraud t&ocy; line th&iecy;&iukcy;r pockets w&iukcy;th &ocy;th&iecy;r people’s money&comma;” &dscy;&acy;&iukcy;d IRS Criminal Investigation Special Agent &iukcy;n Charge William Cotter&period;  &OpenCurlyDoubleQuote;Today’s sentencing demonstrates th&iecy; &dscy;&iecy;r&iukcy;&ocy;u&dscy; consequences &ocy;f financial crimes &dscy;u&scy;h &acy;&dscy; th&iukcy;&dscy; &acy;nd th&iecy; collective focus &ocy;f IRS-CI &acy;nd &ocy;ur partners t&ocy; holding th&iecy; perpetrators &ocy;f &dscy;u&scy;h nefarious investment schemes accountable f&ocy;r th&iecy;&iukcy;r actions&period;”<&sol;p>&NewLine;<p>Th&iukcy;&dscy; case &iukcy;&dscy; th&iecy; result &ocy;f &acy; joint investigation conducted b&ucy; th&iecy; FBI&comma; IRS-Criminal Investigation&comma; &acy;nd th&iecy; Texas State Securities Board&period;  Assistant United States Attorney Sharon Pierce prosecuted th&iukcy;&dscy; case &ocy;n behalf &ocy;f th&iecy; Government&period;<&sol;p>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;