Dawn Bennett Former Financial Advisor Sentenced To 20 Years In Federal Prison For Her Conviction On 17 Federal Charges Related To $20 Million Ponzi Scheme
Dawn Bennett was a well-off financial advisor who greatly influenced her workplace.
However, she lost it all when her name git embroiled in a financial fraud that earned her a maximum prison sentence. Bennett was charged with whopping 17 charges related to a Ponzi scheme.
Dawn Bennett Misappropriated Investors’ Funds, Including Using Them to Pay a Website Operator to Arrange for Priests in India to Perform Religious Ceremonies to Ward Off Federal Investigators
Ms. Bennett formerly operated Bennett Financial Group Services in Chevy Chase, Maryland. Moreover, she often was a well-known name in the media as she had her own nationally syndicated radio show, “Financial Myth Busting.”
Is The Financial Advisor Dawn Bennett In Prison?
The sentence was announced by United States Attorney for the District of Maryland Robert K. Hur and Special Agent in Charge Jennifer C. Boone of the Federal Bureau of Investigation, Baltimore Field Office.
“Dawn Bennett knowingly defrauded retirees of their life’s savings – most of which she used for her own personal benefit,” said U.S. Attorney Robert K. Hur. “She’s been held accountable for her lies and theft and will now spend years in federal prison.”
According to the information presented at her nine-day trial, Bennett is the owner and operator of DJB Holdings, LLC, d/b/a DJBennett.com, an Internet retail website for luxury sportswear.
However, in August of the same year, the former financial adviser had sought an appeal to her conviction on those seventeen federal charges.
NEW: Dawn Bennett sentenced today to 20 years in prison for defrauding investors out of millions. Bennett took some of the money people invested in her luxury sportswear company and spent it on astrological gems, cosmetic medical procedures, & religious rituals. @WMAR2News https://t.co/O3d4zhOwmY
— Mallory Sofastaii WMAR (@mal_sofastaii) July 31, 2019
Meanwhile, her current whereabouts, including her prison name and the update on her appeal case, are not on display.
Bennett had lost her bonds and connections with her people with her conviction. Thus, many insiders about her current well-being are not on display.
Dawn Bennett Wikipedia and Biography Explored
Dawn Bennett’s conviction created hit the headlines back in the day, intriguing the netizens to search for her biography.
She has successfully kept her early life background away from the public; hence, not much about her life is known to the public.
Bennett hailed from a well-educated background, given her promising career as a financial advisor. Barron’s Magazine had named her three times to its lists of top economic advisers at the peak of her success.
It showed that Bennett managed over $1 billion in client assets while also catering to her radio show.
However, her glitters were all for the outside, as the Securities and Exchange Commission (SEC) claims that she had heavily inflated her assets and portfolio performance.
BREAKING: Dawn Bennett of Chevy Chase was sentenced to 20 YEARS in jail for orchestrating a Ponzi scheme that stole $20 million from investors. Evidence says she spent part of the money on jewelry, luxury suits inside Capital One Arena and over $800k on religious prayers. @fox5dc pic.twitter.com/WOLBdrt3pn
— Ike Ejiochi (@IkeEjiochi) July 31, 2019
Who Is Dawn Bennett Husband?
Since Bennett’s conviction, her family and her close associates have maintained their silence among the public.
Dawn Bennett Story On American Greed Episode
The hit CNBC docu-show “American Greed” in a 2020 episode covered Dawn Bennett’s story. It followed her glitz lifestyle while her victims talked about their huge monetary losses after investing in Bennett’s company.
Ms. Bennett is still infamous for her misdeeds as her fraud racked up millions and millions in a short time.
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