Sentencing begins for ‘Magic Lady’ Ponzi schemer Rashida Samji

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Sentencing will begin Tuesday in Vancouver provincial court for a former notary public convicted on 28 counts of theft and fraud for running a $110-million Ponzi scheme. Rashida Samji could face up to 14 years in prison for defrauding more than 200 investors of millions of dollars. The 63-year-old has already argued for leniency after being fined $33 million by the B.C. Securities Commission. But a provincial court judge has said she needs to face more severe consequences to atone for her crimes.

Read the full article at CBC News.