Trevor Cook Sentenced in Ponzi Scheme
A Twin Cities businessman found guilty of running a multi-million dollar Ponzi scheme is being sentenced today. Last April Trevor Cook admitted he scammed at least 1,000 investors out of $190 million and used some of the money to buy expensive cars and homes for himself. Cook pleaded guilty to fraud and tax evasion. Cook faces up to 25 years in prison when he’s sentenced. Attorneys for the 39 year-old money manager are seeking a shorter sentence of 20 years, saying that would be enough to deter others but it would also punish Cook appropriately for defrauding so many investors.