The mastermind behind a $300 million Ponzi scheme that targeted vulnerable military veterans has been jailed for ten years, according to the U.S. Attorney's Office for the District of South Carolina.Scott Kohn, 68, of Newport, , was indicted in 2019 for the fraudulent scheme which he used to fund an opulent lifestyle from a $4.8million mansion boasting sweeping views of the Pacific Ocean.The conman was charged with conspiracy to commit wire fraud and mail fraud alongside co-conspirators Kraig Aiken, David Kenneally and Joseph Hipp over his scheme to scam vets with loans secured against their pensions that had astronomical interest rates.
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