Steven Allen Schwartz, 78, of Delray Beach, Florida, a director and consultant at 1 Global, pleaded guilty in 2020 to conspiracy to commit wire fraud and securities fraud. He was sentenced to five years in prison and ordered to pay more than $148 million in restitution. He was sentenced to five years in prison and ordered to pay more than $57 million in restitution.Īndrew Dale Ledbetter, 81, a lawyer from Fort Lauderdale, Florida, pleaded guilty in 2021 to conspiracy to commit wire fraud and securities fraud. Heide, 65, of Lake Worth, Florida, the former 1 Global chief financial officer, pleaded guilty in 2019 to one count of conspiracy to commit securities fraud. The SEC said the trust also owned other businesses, including Digi South, which “used to own Playgirl and other adult magazines.” Digi South used the same address as 1 Global and “received approximately $805,000 in investor funds from 1 Global for no consideration or legitimate services,” the SEC said.įour of Ruderman’s co-conspirators previously pleaded guilty for their roles in the 1 Global fraud, the Justice Department said.Īlan G. The SEC said 1 Global was formed in 2013 and owned by the Ruderman Family Trust.
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