MIAMI (WSVN) – A Miami man was sentenced to more than 19 years in federal prison for running a multimillion-dollar Ponzi scheme that posed as a merchant cash advance business, federal prosecutors said.
Pablo Silverio Rebollido, 48, was sentenced Oct. 2 to 230 months in prison and ordered to pay more than $16 million in restitution after pleading guilty to wire fraud, according to the U.S. Attorney’s Office for the Southern District of Florida.
Prosecutors said Rebollido operated the scheme through two Miami-based companies he founded — E-Card Lending LLC and E-Card Merchant LLC — which claimed to offer short-term financing to small businesses…