Charles Nolon Bush, 69, was sentenced in federal court today to 30 years in prison for bilking investors out of $35 million. He also will have to bay $30 million in restitution.
Bush took the money, promising high-yield investments, but only invested a third of the money. He used the rest of it to fund a lavish lifestyle that included a home with a golfing green in Port Orchard. He also used the money to pay previous investors in a Ponzi scheme.
One victim from Gig Harbor Gig Harbor stated during sentencing in U.S. District Court in Tacoma, “everything you’ve ever done is a lie” and wished a 300-year term upon him.
After sentencing, Bush told the court, “I do plan on appealing … I am sickened over the pain I’ve caused people.” But he says he didn’t do anything “criminally.”
We’ll have more on the sentencing this evening.
– Angela Dice (filling in while Josh drives back from Tacoma to write the story)
