Jonathan Greenfield, 50, of West Hills, has been sentenced to 18 months in federal prison by U.S. District Court Judge Dale S. Fischer.
Greenfield pleaded guilty in December 2013 to two counts of wire fraud after admitting that he misled clients at his brokerage Morgan Peabody about a real estate investment fund called the Sherwood Secured Investment Fund.
The fund was created by David A. Williams, the former chief executive at Morgan Peabody. Williams, who admitted using much of the investors’ money for his own use, also pleaded guilty but has not been sentenced yet.
Read the original article in the Los Angeles Business Journal.