SANTA ANA, Orange County - A San Juan Capistrano man, Jeffrey Butler, was convicted of 700 felony counts of white collar crime, grand theft and investment fraud for stealing from elderly investors. He bilked 124 investors of over $11 million through a Ponzi scheme. He was sentenced to 90 years and eight months in prison. The trial was the longest trial in Orange County.
Butler worked with elderly clients on their wills and trusts and offered them unrealistic investment returns. He stole $11.4 million through Ponzi scheme in which money paid to earlier investors by later investors.
