By: Chris Peterson
Flathead County District Judge Amy Eddy Thursday sentenced Catherine Ann Finberg of Columbia Falls to 40 years in prison with all but 10 years suspended for running a Ponzi scheme that ultimately bilked local investors of more than $1 million.
The sentence was a plea deal reached by state prosecutors and Finberg’s attorneys. In the deal, Finberg pleaded guilty to a felony count of embezzlement, common scheme, guilty to operating a pyramid promotional scheme and guilty to two counts of fraudulent security practices in exchange for the state dropping a charge of failure to register as a securities broker.
Finberg is also required to pay back more than $767,000 to her victims.
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