Episode Details

A once-respected wealth manager, Steven Long, has been sentenced to eight years and four months for orchestrating a massive Ponzi scheme that stole over $11 million from more than 100 mostly retired victims. Using client inheritance funds to prop up his failing firm, Long lived lavishly on stolen money — including luxury trips and expensive purchases — while victims lost life savings and faced devastating personal losses. His associate, Raymond Simpson, sentenced to five and a half years and currently in Portugal, played a key role, with his own home funded by his wife’s inheritance — money taken from others. The judge called Long’s actions a betrayal of trust, and victims still grapple with guilt and grief, especially those who lost their loved ones.

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