Iervasi paid himself millions in his client's money for gambling, to lease luxury cars and properties, and to fund his holidays.
today to 11 years in prison with a non-parole period of seven years, making him first eligible for release in 2031.
"The sum of the total loss is large, the impact on investors is severe, and the offender's dishonesty is undoubtedly reprehensible," she said. Investors were also offered two "special" investment opportunities said to exist due to market volatility surrounding the election of Donald Trump as president of the United States.
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