Sherman Oaks Man Could Face 20 Years in Prison for Investment Scheme
SANTA ANA, Calif.—A Sherman Oaks man has been convicted of defrauding 40 investors out of $6 million in a business he ran with his brother out of their parents’ home, federal prosecutors said Feb. 15.
Sassi Mizrahi, 58, was convicted Tuesday of five counts of wire fraud, with jurors acquitting him of one wire fraud count. He was scheduled to be sentenced on June 26 and faces up to 20 years for each wire fraud count.
Mizrahi’s brother, 51-year-old Motty Mizrahi of Encino, pleaded guilty Jan. 6 to six counts of wire fraud and a count of aggravated identity theft. He is scheduled to be sentenced on May 15….