Feds Want 10-Year Sentence For $110M Ponzi Operator: Consequences Unfolding
The repercussions of Woods’ actions extend beyond the criminal realm. A parallel civil case brought by the U.S. Securities and Exchange Commission (SEC) against Woods, Horizon, and Southport has culminated in a $66 million settlement. Court orders mandate further restitution to victims of the scheme, indicating the far-reaching consequences of financial malfeasance.
Awaiting Justice
As the legal proceedings unfold, representatives for both Woods and the prosecution remain tight-lipped. The impending sentencing promises to be a pivotal moment in the annals of financial crime, underscoring the relentless pursuit of justice in the face of deceit and exploitation.
