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Ponzi scheme co-conspirator imprisoned

A third fraudster has been sent to prison for his role in a Ponzi scheme which saw cash wired into Bermuda.Terrance Paulin was jailed for two years and nine months and ordered to repay victims $590,000 following the scam, which saw investors conned out of more than $2.4 million.Paulin, of Missoula, admitted conspiracy to commit investment fraud in a hearing before US District Judge Donald Molloy yesterday.The court had previously heard people were falsely promised huge returns on their investments, with their cash then being funnelled through a front company which had accounts at the Bank of Bermuda.Montana State Auditors Office has told how Bermudian businessman Andre Curtis, the former political campaign manager for former Premier Ewart Brown, helped run the scheme.Mr Curtis was fined $335,000 by the Montana Commissioner and jailed for 15 months by the Bermuda courts for operating an unlicensed investment business.Daniel Two Feathers, who spearheaded the scam, was jailed for six years in June. Shawn Swor, another who pleaded guilty to his involvement, was sentenced to two years and three months in July.