Columbia Falls Woman Sentenced in $1 Million Ponzi Scheme Case

Kyle Schmauch In The News

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.

Read more at the Daily Inter Lake