“We are very confident of appeal prospects.”
Margaretic said he understood Marco was upset by the sentence and indicated its length was a surprise.
“I’ve never seen anything like it in my 35 years of practice,” he said.
Marco was jailed after allegedly taking more than $250 million from clients over the seven years he ran his business, with prosecutors claiming he represented himself as a “high net worth individual” who had access to exclusive private investment schemes.
“You did not tell any of the victims you would use their money to pay their and other investor’s returns … to purchase real estate, shares, cars, personal collectibles and personal expenditure,” Justice Natalie Whitby said during sentencing.
“You … had no intention of using the victims’ money in the manner you had represented,” she said.
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