SCOTTSDALE, AZ (AZFamily) — A Scottsdale man was sentenced to 24 years in federal prison after a jury found he helped run a years-long investment fraud scheme that cost investors tens of millions of dollars.
The U.S. Attorney’s Office for the District of Colorado said Michael Shawn Stewart, 63, received a 288-month sentence and was ordered to pay $93,273,838.16 in restitution.
Stewart was convicted in May 2024 of 14 counts of wire fraud and one count of conspiracy to commit wire fraud…