Monroe County man sentenced in Ponzi scheme

Top Stories

(WBRE/WYOU) — A Monroe County man who pleaded guilty to two felony charges will spend more than two years in prison.

56-year-old Kevin Brody of Stroudsburg pleaded guilty to second-degree larceny and fourth-degree conspiracy in June. Thursday the former insurance broker was sentenced to a maximum of seven years in prison for his role in a Ponzi scheme.

It led to at least 50 people being scammed out of more than $12 million. Brody forfeited roughly $5 million to be used towards restitution for the victims.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

3-Day Forecast

Trending Stories

Don't Miss

More Don't Miss

Community Calendar

Your Photos