California: A West Covina, Calif., man has been ordered a sentence of 135 months in federal prison for managing a forgery investment scheme which allowed him to grasp an amount of $4 million from various sufferers which count almost hundred in number.

It has been reported that these sufferers were fascinated towards the plan as they were provided with an assurance of getting a yearly interest rates up to 120 percent.

Ruben Gonzalez, aged 34, from Mexico has been ordered a sentence of 11 years and he is assigned to fill a reimbursement of $2,220,771 to his clients who ate 107 in number. The verdict has been provided by United States District Judge Percy Anderson.

The arrest happened on October 23 in the year 2009 on the basis of charges linked with immigration. After he was taken into custody, agents from the department of the Federal Bureau of Investigation implemented a search warrant at his business, New Golden Investments Group, which is located in West Covina.

It was in the month of May when he was charged of the crime and on September 17, he pled guilty to various counts. He also affirmed to the fact that he advertised about his company through various mediums including Spanish newspapers as well as radio channels and flaunted that the money of his investors would be invested in industries like real estate and gold mines!

Scams like these are common all over the world. People are advised to stay away from such illegal instances and invest with genuine organizations only.