Brentwood Man Sentenced in Ponzi Scheme

By Brittany Sims on Thu, 10/04/2012 - 3:01pm

The former financial advisor and owner of A.D. Vallett & Co. has been sentenced to 120 months in prison for running a Ponzi scheme that defrauded more than 30 victims of over $5 million, BrentwoodHomePage reports. Aaron Vallett pleaded guilty to orchestrating the Ponzi scheme. His sentence was announced as the Department of Justice kicks off a series of investment fraud summits in cities across the country, including Nashville. The event was held at Vanderbilt School of Law this morning.