Convicted fraudster Garrett Elder is now jailed in a minimum security federal prison in Duluth, Minnesota. He was charged with defrauding more than 175 people of more than $26 million in a Ponzi-like scheme. He agreed to a plea deal in May 2023 that called for him to serve a seven-year sentence. But many of his victims showed up in court for sentencing to demand a longer sentence and the judge agreed. Elder finally began his sentence last month at the Duluth Prison Camp in Minnesota.
Convicted fraudster Garrett Elder has started serving his 10-year sentence at a minimum security federal prison in Duluth , Minnesota . Elder defrauded over 175 people of more than $26 million in a Ponzi-like scheme.
Despite agreeing to a plea deal for a seven-year sentence, the judge extended it after many victims demanded a longer sentence. Elder's sentence began last month at the Duluth Prison Camp.
Fraudster Garrett Elder Sentence Prison Duluth Minnesota Ponzi Scheme
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