LI woman sentenced to 3 years in Ponzi scheme

An Oceanside woman who scammed Long Islanders out of millions of dollars is heading to prison. Laurie Schneider was sentenced yesterday to three years in prison for the nearly $7 million scheme.

News 12 Staff

Nov 8, 2014, 7:18 PM

Updated 3,486 days ago

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LI woman sentenced to 3 years in Ponzi scheme
An Oceanside woman who scammed Long Islanders out of millions of dollars is heading to prison.
Laurie Schneider was sentenced yesterday to three years in prison for the nearly $7 million scheme.
As News 12 has reported, the 39-year-old woman cheated investors out of cash by lying about low-cost machinery in China. She said she could buy and sell the machinery for a profit in the U.S.
Prosecutors say Schneider used two shell corporations to run the Ponzi scheme and steal money from unsuspecting investors.
 


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