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Guyanese jailed for scamming investors

Published:Friday | June 25, 2010 | 1:28 PM

A United States federal judge has sentenced a Guyanese man to seven years in jail for scamming investors out of millions of dollars.



Judge Erickson says Solomon was taking advantage of desperate people and his crime was the worst type of white-collar crime.



Solomon was arrested in Trinidad and Tobago last year after eluding law enforcement officials for 18 months.



He was convicted in America in February on three counts of money laundering and one count of conspiracy to defraud the United States.



Prosecutors said Solomon, who underwent triple by-pass surgery since his arrest, was involved with Minot commodities broker Frederick Keiser Jr.

Keiser who was convicted in 2007 and sentenced to 12 years in prison is also ordered to pay $2 million in restitution.





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