TBA Law Blog

Posted by: Katharine Heriges on Feb 5, 2018
Food-snack distributor Richard Alan Bazzell was sentenced to 47 months today for running a $2.7 million Ponzi scheme, the Times Free Press reports. U.S. District Judge for the Eastern District of Tennessee Harry Mattice handed down the sentence to the Hixson businessman and ordered him to undergo mental health counseling and repay $2.5 million to 22 victims. Bazzell’s scheme began in 2010 when he attempted to grow TrailSteaks, but prosecutors say he had spent all of his investors’ money by 2013.