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Colombian National Pleads Guilty to $66 Million Ponzi Scheme, Funded Chateau Wedding and Lavish Vacations with Investments

DOJ

2025-05-23 12:00

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Efrain Betancourt, Jr., 36, a dual citizen of Colombia and the United States, pleaded guilty on May 21 to operating a $66 million Ponzi scheme through his payday loan company, Sky Group USA, LLC (Sky Group).
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