A former Washington, D.C., attorney has been sentenced to prison for their involvement in a $2 million investment fraud scheme.
Brynee Baylor, was sentenced to 25 months in prison for conspiracy and securities fraud, one year of prison for her other fraud convictions and for failure to file a tax return and pay taxes, three years of supervised release, and restitution to her victims in the amount of $2.2 million dollars. She allegedly conducted a scheme to lure investors into a purported trading program, falsely assuring them that they would have quick profits with little to no risk.
In 2011, the Securities and Exchange Commission (SEC) sued Baylor and others for fraud in connection with the purported trading program. In 2013, Baylor was permanently enjoined from promoting investment programs and ordered to pay disgorgement and a civil penalty.