Financial coach and author, Bryan Binkholder, has been sentenced to nine years in prison for soliciting clients to participate in his “hard money lending” program. Prosecutors allege that the program was falsely described as a real estate investment in which Binkholder would allegedly act as a bank to developers. While Binkholder did make some loans to real estate developers, he used the majority of the money for his own personal expenses. Binkholder’s sentence also requires him to pay over $3.6 million in restitution. Binkholder allegedly is planning on appealing the sentence.
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