Imagine our surprise at the Star-News office when the quiet, charming advertising account executive of six months we knew as Maria turned out to be our very own Bernie Madoff.Apparently Standefor/Maria was tops in sales at the paper.
As Jeanetta M. Standefor of Altadena, she was sentenced last week to more than 12 years in federal prison for running a $17.8 million Ponzi scheme from 2005 to 2007. About $1.9 million of that was spent on herself, according to the case brought by the Securities and Exchange Commission.
She spent $76,000 on her wedding, not to mention shelling out $17,000 for the honeymoon, $170,000 for jewelry, $270,000 for cars and car-related expenses, $180,000 for entertainment and $650,000 for improvements "one of her homes."
Not quite up to Madoff standards, but enough to defraud nearly 600 investors in California, Georgia and Nevada through her Accelerated Funding Group that mostly targeted middle-class African-American investors.
Jan 26, 2009
She knows how to sell
An interesting item from reporter Janette Williams tucked into Sunday's City Beats column in the Pasadena Star-News: