An Encinitas man who defrauded 30 people - mostly friends and family members - out of nearly $7 million through a 10-year investment scam was sentenced Friday to five years in federal prison.
Scott Bottolfson, 56, pleaded guilty last Nov. 30 to a single count of wire fraud. He apologized to his victims in a hearing today before U.S. District Judge Jeffrey Miller.
On the same day, IndyMac's Michael Perry gets a slap-on-the-wrist civil charge for a much, much bigger fraud.
There are two kinds of justice: justice for the rich and politically connected, and justice for the little people.