Federal prosecutors have secured a nine-year prison sentence against a California man who ran a Ponzi scheme for more than 25 years.
Edwin Emmett Lickiss Jr., 78, of Danville pleaded guilty to wire fraud and money laundering after taking more than $9.5 million from at least 93 victims from 1998 through September of 2024, says the U.S. Attorney’s Office for the Northern District of California.
Lickiss owned Foundation Financial Group, an investment firm that served clients in California, Idaho and other states…