Tucson couple sentenced to 5 years in prison for defrauding investors
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Victims' losses totaled about
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Authorities said the Feinbergs operated a company called
For nearly 15 years, authorities said the Feinbergs lured investors with false promises about the software's completion, release date and capabilities. They raised money from the sale of unregistered shares of stock in Catharon, according to an indictment in the case.
Their victims included friends and associated recruited through various community organizations in
In addition to paying themselves salaries, the Feinbergs used investor money for a wide variety of personal expenses, including their home mortgage, authorities said.
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