Entries by Oasis Receivership - WGK

Michael DaCorta Sentenced to 23 Years in Federal Prison

Michael DaCorta, the architect and chief executive of the $80 million Oasis Ponzi scheme, was sentenced to 23 years in federal prison on Thursday, October 20, 2022.  DaCorta also was ordered to pay $53,270,336.08 in restitution.  The judge and federal prosecutors confirmed Thursday that any assets collected will be distributed to investor-victims through the Receiver’s […]