Indianapolis Man Sentenced to More Than Seven Years in Prison and Ordered to Pay More Than $10 Million to Victims of His Ponzi Scheme (Federal Bureau of Investigation - Washington Field Office)

(Source: Federal Bureau of Investigation - Washington Field Office) ALEXANDRIA, VA-Timothy J. Coughlin, 63, of Indianapolis, Indiana, was sentenced today to 90 months in prison, followed by three years of supervised release, for defrauding thousands of investors and impersonating an Internal Revenue Service official while operating a fictitious credit union for the purpose of soliciting online investments. He was also ordered to pay restitution of $10,084,625.56 to more than 3,500...