A Katy resident was sentenced to federal prison for leading a 10-year-long Ponzi scheme that defrauded victims of over $17 million, according to the U.S. Attorney’s office.
Christopher Knight Lopez, 40, was sentenced to 10 years in prison followed by three years of supervised release, Acting U.S. Attorney John G. E. Marck said in a news release on Thursday. Lopez had pleaded guilty in February to conspiracy to commit wire fraud.
U.S. District Judge Keith Ellison said at sentencing that Lopez’ scheme was the most offensive white-collar crime he had seen during his tenure as a judge, according to the U.S. Attorney’s office…