Ex-Morgan Stanley Advisor Sentenced to 7 Years for $7 Million Ponzi Scheme

Former investment advisor Shawn Edward Good has been sentenced to 87 months in prison and ordered to pay $3,619,594 in restitution for carrying out a $7 million Ponzi scheme from 2012 to February 2022. Good solicited investments from clients for purported real estate projects and tax-free municipal bonds, touting these opportunities as low-risk investments that would pay returns of between 6% and 10% over three- or six-month terms. He used the money for personal expenditures including luxury vehicles, fine dining, and vacations.