Danville financial advisor, 78, sentenced to 9 years in prison for $9.5 million Ponzi scheme

California Man Sentenced to Nine Years for Ponzi Scheme Defrauding 93 Victims

Federal prosecutors have secured a nine-year prison sentence against a California man who ran a Ponzi scheme for more than 25 years. Edwin Emmett Lickiss Jr., 78, of Danville pleaded guilty to wire fraud and money laundering after taking more than $9.5 million from at least 93 victims from 1998 through September of 2024, says the U.S. […]

78-year-old Danville financial adviser sentenced to 9 years in prison for $12 million Ponzi scheme

Edwin Lickiss, a 78-year-old financial adviser from Danville, has been sentenced to nine years in prison for defrauding his friends, members of his church and even his own family in a $12 million scheme that lasted nearly 30 years.

Danville financial advisor, 78, sentenced to 9 years in prison for $9.5 million Ponzi scheme

By Carlos E. Castañeda A former East Bay financial adviser was sentenced on Wednesday to nine years in federal prison for running a decades-long Ponzi scheme that defrauded investors out of nearly $10 million, authorities said. Edwin Emmett “Mike” Lickiss, Jr., pleaded guilty in May to one count of wire fraud and one count of