Former Southern California CEO Sentenced to Prison for Defrauding Victims of $63 Million

Former Southern California CEO sentenced to prison for defrauding victims of $63 million

A former CEO of an Orange County-based private equity firm was sentenced to prison for defrauding hundreds of investors out of $63 million. Marco Giovanni Santarelli, 57, of Laguna Niguel, was the founder and CEO of Norada Capital Management (NCM), a Laguna Niguel-based private equity fund. The scheme occurred from June 2020 to June 2024, [...]

Laguna Niguel CEO Gets 33 Months in Prison for Fraud Scheme

The founder and chief executive of a private equity fund was sentenced Thursday to 33 months in federal prison for ripping off hundreds of investors of about $63 million in a Ponzi scheme. Marco Giovanni Santarelli, 57, of Laguna Niguel, pleaded guilty Oct. 20 of last year to a count of wire fraud. Santarelli, the […]

Laguna Niguel CEO Sentenced in $63M Investor Fraud Case

Marco Santarelli of Laguna Niguel got 33 months in prison and must repay $63,165,357 after his Norada Capital note scheme collapsed, federal officials say.