Troy Barnes sentenced to 33 months prison (Achieve Community)
This one looked like it was going to trial but at the eleventh hour Troy Barnes plead guilty to wire fraud.
That was back in November last year, with a series of sealed filings mostly keeping things under wraps since.
On April 25th however, Barnes’ sentencing hearing finally came up.
For his part in orchestrating the Achieve Community Ponzi scheme with Kristi Johnson, Barnes received a 33 month prison sentence.
Johnson also plead guilty and was sentenced to 21 months in prison back in February.
Barnes will be ordered to the Federal Bureau of Prisons to begin serving his sentence upon designation of a federal facility.
All federal sentences are served without the possibility of parole.
In addition to serving time, Barnes will also return $4.7 million he stole from victims, on top of $302,297 in restitution.
After the SEC shutdown Achieve Community in early 2015, Barnes vowed to “do everything possible” to get affiliates their money back.
Somehow I don’t think a prison sentence and forfeiture are quite what he had in mind.
33 Months is plenty of time to get his “triple algorithm” perfected.
If he came clean sooner he probably would have been 1/2 way done doing his time.
Just goes to show how smart these scammers are when caught up.
Now they can take the civil trials off of hold and finish up this Ponzi once and for all. Hopefully they will appoint a Receiver who will go after the big winners along with all the assets unfrozen and monies returned from Kristi and Troy for the true victims.
Still a long way to go before this is all over, but things are moving forward.
so was it really only 11 months but the super secret triple algorithm made it 33?
he also tried to use my debit card to buy a plane ticket and rent a car in michigan… low life asshole.
Hey y’all need to back off my dad he did his time and that what he deserved Ik but know he a better person.
I love my dad I did not like what he did but I for give him and I love him I was there when the police came ok y’all need to back off please.
Your Dad is a fucking asshole… He knew what he was doing was wrong and these people lost all of this money and not being able to get that back… and he owes like 15,000 in back child support… his parents even kicked him out….
Once a bum always a bum…you need to cut ties because his name will not help you.
Youre dad haq stolen al lot of my money.
I am from Belgium, and never seen any thing back from my money. So dont give us the bullshit that youre dad is now a beter person. Where is my fucking money, you scumbag.
You think you are ok now ??? No you arent because People all over the world losing theyre last money to a common thief.
How do i get my money back ???? Tell and ask him, where and how do i get this back !!!!????