Faraday Hosseinipour gets 2.5 years in prison for I2G fraud
Faraday Hosseinipour has been sentenced to 2.5 years in prison.
Hosseinipour’s January 5th sentencing follows her mail and securities fraud conviction last September.
Hosseinipour (right) will be advised when she has to surrender to PreTrial Services sometime after February 3rd. She remains subject to the conditions of her release bond till then.
Infinity2Global was a casino themed MLM Ponzi scheme launched in 2013.
As per her 2017 indictment Hosseinipour, as a top promoter of the scam, stole $800,000 from Infinity2Global victims.
Infinity2Global founder Richard Maike was sentenced to ten years in prison in December. Co-conspirator Doyce Barnes received a 4 year sentence.
Maike has since appealed his sentence.
Looking forward, restitution amounts for Hosseinipour, Maike and Barnes are scheduled to be determined on February 3rd.
Although a date hasn’t been set yet, remaining I2G defendants Dennis Dvorin and Jason Syn have yet to stand trial.
In the interests of judicial efficiency, Dvorin and Syn were “severed” from the primary I2G trial back in July.
It is expected Dvorin and Syn will stand trial sometime after February 2023.
Update 4th February 2023 – Restitution is looking to be a bit more complicated than a one-off hearing.
The February 2nd restitution hearing was held as scheduled. The US has been given till February 23rd to file a restitution brief. After that Maike, Barnes and Faraday have three weeks to file a reply (~March 16th).
Sometime after that the court will issue a restitution order. I don’t know exactly when that’ll be but I’ll continue to monitor the criminal dockets for updates.
Update 14th October 2023 – Faraday Hosseinipour and Doyce Barnes have appealed their conviction.
Why only 2.5 years??? 30 months and will serve 1/3rd . So 10 months and walks out taking over 1 million or more shilling that shit.
Crazy.
Please explain.
Where are you getting she’ll only serve a third of the sentence from?
Also restitution has yet to be determined.
Considering Hosseinipour was a promoter and usually they only, if anything, get targeted by the SEC, prison time is a win.
Bizarre American system , you serve a 1/3rd for good behavior.
Any time is a win and will always have the ” Felon” tag but it will not stop them from the next greatest scam. It only matters in the corp world I guess.
I cant believe it took almost 10 years. Insane.
On the plus side G1E was Hosseinipour’s last Ponzi scheme. She got into travel after that.
If it’s federal prison, the minimum is 85%, from what I understand. State parole policies vary, but some are indeed ridiculously lax.
On the other hand, U.S. has some pretty tough sentencing compared to other western democracies. A 2nd-degree murder charge can get you life without parole in the U.S. Switzerland and Germany? 1 to 10.
Can confirm the I2G fraud case is federal.
She has to serve 2 years of the 30 months
She will always be a “Felon” Lived a very nice life and to get 2 years for millions is a slap on the wrist.
Meanwhile 10 years of tax evasion and theft in trump plaza Weisselberg gets 5 months…SMH.
Article updated with first restitution hearing outcome.
Article updated with first restitution hearing outcome.
Where is it?
Article updated with first restitution hearing outcome… Ok I see it now don’t know how I missed it. Thanks OZ.
A federal convict can get up to 54 days removed per year for good behavior. Plus, they can qualify to be placed in a halfway house on the tail end of their sentence.
Hey OZ did Fara hit prison yet?
BOP inmate search has Hosseinipour registered but not in custody yet.
finally!!!!!!!!!!!!!!!!!!
HOSSEINIPOUR still appears to have an active mlm travel company that someone is responding on her behalf and has kept hush hush from their contractors.
The husband has now raised monthly fees in order to support her atty fees.
Hosseinipour is incarcerated at FCI Marianna, she isn’t running anything.
Dave Manning is a free man, nothing stopping him from running their businesses.
Even under her name? Sending emails under her name? Running a mlm that she is still a registered ceo of?
If David has a Power of Attorney, he would be able to run the business in her name.
Updates?
Nothing significant on the dockets to report back yet.
Last checked April 28th.
Update from different post
https://behindmlm.com/companies/global1entertainment/infinity2global-criminal-restitution-tops-10-million/