California man sentenced to 7 years for $7M Ponzi scheme against Israeli-Americans

A San Fernando Valley, Calif. man will spend more than seven years in federal prison after being found guilty for helping defraud at least 40 investors of more than $7 million, according to the Department of Justice. According to prosecutors, Sassi Mizrahi and his brother Motty preyed on fellow members of the Orthodox Jewish Israeli community in their…