Thomas Tarbutton Case Study

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Friday, Thomas Tarbutton, a 58 year old man from Newport Beach was sentenced to 34 years and four months in state prison for running a 3 million dollar Ponzi Scheme. He was found guilty by an Orange County Superior Court jury. Thomas had eighteen account of grand theft, nine accounts of forgery, and eleven counts of using an untrue statement in the purchase or sale of a security and one count of use of a device or scheme to defraud, which are all felonies. I think Thomas should be sent to jail even though he will not live long enough to do the full 34 years. I also think the people who he used for their money should be paid back their money.

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