An Agoura Hills man received a long federal prison sentence, after pleading guilty to wire fraud in connection with a fraudulent investment scheme.
Dean Gross was sentenced to seven years in prison, and order to pay more than $15 million dollars in restitution for what prosecutors called a Ponzi scheme.
They say he claimed to investors that he was an advertising industry veteran who could buy ad time, and space cheaply, and resell it at a big profit.
Investigators say the 50 year old man never used the money to buy advertising, but instead spent it on personal expenses.
