Photo by matt northam via Flickr Creative Commons
No use crying over spilled securities fraud.
Two women are charged with scamming seven people out of nearly $600,000 with a bogus plan to sell milk to Disneyland. They claimed to have an exclusive contract with a dairy and the park.
The Ponzi scheme pair -- Maricela Barajas and Juliana Celeste Menefee -- entered pleas of no contest on Monday to seven counts of securities fraud, said the Los Angeles County district attorney's office.
Each were sentenced to three years behind bars and ordered to pay approximately $300,000 each to the victims. The Ponzi scheme (not to be confused with a Fonzi Scheme) promised investors a huge return.
Ringleader Eva Perez was previously sentenced to 10 years in prison and was ordered to pay more than $1 million in restitution.
The Disney/Starbucks deal is real, however.