Ex-Bahamas resident Derek Turner sentenced to 20 years in prison

Former Bahamas resident Derek Turner was sentenced to 20 years in prison on February 17 – six months after pleading guilty to three counts of wire fraud concerning a high-yield investment scam.Turner, a 56-year-old New Zealand national, was also ordered to pay restitution of $55 million at his sentencing at the U. S. District Court for the Eastern District of New York. He immediately filed a notice of appeal against the judgment to the U. S. Court of Appeals for the Second Circuit.