Portland Man Sentenced To Federal Prison For Investment Scheme
(Portland, OR) -- A Portland man who claimed to be a successful foreign exchange currency trader has been sentenced to federal prison for running a fraudulent investment scheme. William Bennington ran the scam from 2012 through 2022. He claimed a proprietary trading algorithm was the source of his wealth. He promised investors up to 80 percent returns and repayment in as little as six months. He created a website and gave investors fake statements showing significant returns. He made over two-million-dollars and spent it on extravagant trips, a golf simulator and personal expenses. He pleaded guilty and was sentenced to four years in prison.



