30 Years!!!

Glyn Richards was sentenced to 30 years today in court.  The ordeal for many of us officially comes to a close, but for him is just beginning.   That is more then the even 10 to 15 we had hoped he would get.   Judge Bumb decided to give a very hefty, and very meaningful sentence.

That means that your stories were heard.  On the news, in the paper, in letters to the courts, and in court today, the victims of this crime were heard. 

I’d like to thank each and every one of you that contributed here.  If you submitted, if you posted, or even if you just read– you increased exposure to this horrible crime, and in the end, helped shed light on just how much damage Glyn Richards did.

I’d like to also thank those courageous enough to tell their story on the news and in the newspapers.   At the time they were ridiculed, called stupid, and faced a barrage of  anonymous posters saying, “it would never happen to me.”  They were trivialized as greedy people getting what they deserved.     

Well the Judge didn’t see it that way today.  She saw it for what it was.  Crime.  And a very serious one.  Thirty years worth.  

For me?  This officially closes the Glyn Richards chapter of my life.  I will continue to work at forgiving myself for letting it happen.   Forthose of you that were so horribly affected by this, best of luck.  In time Glyn Richards will be a tiny memory in our lives, but he will have the rest of his life in prison to remember what he did to every one of you.

More Details:
http://www.courierpostonline.com/article/20090630/NEWS01/90630025

http://www.philly.com/philly/business/20090630_S__Jersey_man_gets_30_years_in_Ponzi_scheme.htm

🙂

Advertisements

28 Responses to 30 Years!!!

  1. bbb says:

    Please keep us out of town people informed as soon as possible.

  2. 30 years says:

    30 years is his sentance. It will be on the news today. I spoke and although I am probably getting nothing I lost back, it felt good. He had apoligized for what he had done, but I just ignored his act. He will be in his seventies when he gets out. What a life. He deserves some rough treatment in prison. He has a lot of time to think about what he did. How can you act like a friend to someone and just stab them in the back and act as if you did nothing wrong? A heartless man. i am glad to have some closure..

  3. TheEagleHasLanded says:

    I am long over this. But I could not help but texting to Glyns cell today. (And I have not called or tried to call since I told him he’d be arrested a week before he was.) Today’s text was simply..

    30

    HA HA… I know it is juvenile and I apologize to whoever has that number now, (poor bastard!) but I could not resist!

  4. Link, Source? says:

    Link? Source?

  5. oldfriend says:

    was jr there?

  6. sickened says:

    Thank you for posting this update! For those of us who wanted to be in the courtroom today but could not…did the judge give any info about restitution? I’m not expecting anything at all but I’m just curious. Was his wife there? Can anyone elaborate on what was said in court?

  7. HAZ says:

    It is a wonderful day!!! Glyn was in the court room looking allot skinner then when he was captured in FL. Maybe from the fine living in prison he has come accustom to over the last few months. He was dressed in full prison attire. From the jump suit, down to the chains around his ankles. The best part was seeing him walk into the court room – with his head down and ankles chained together. Thank you judge Bumb……… she did not buy into his crying act when he addressed her…… AHHHH THE JOY!!!!!!!!!!!!!!!!!!!!! FINALLY JUSTICE!!!!!!!!!!!!!!!!!!!!!!!!!!

  8. TheEagleHasLanded says:

    Beers Tonight, Haz??

  9. oldfriend says:

    thnx for teh update. give us details…was jr there crying too? any chance of parole??

  10. HAZ says:

    Hey sickened:
    Glyn’s wife was not there!! A restitution hearing will be held on September 28th – there was a statement to the fact that they seized $40,000. So with 62 victims that would be $645 bucks for each of us if it is divided evenly. There were about 8 to 10 victims that spoke and where very heart felt and emotional – the judge also read a few clips from the letters she received – it was awesome!!!! See you Madoff JR!!!

  11. HAZ says:

    Eagle I’ll call U – after work!!!

  12. Some1 says:

    I am so happy for all the victims. Judge Bumb needs to be thanked.

    I am guessing his attorney can get comfortable at Glyn’s Voorhees address now that his client has been put away for THIRTY!

  13. Some1 says:

    I love that the judge let him have it:

    “You didn’t even care about your own family,” said U.S. District Judge Renee Bumb as she spoke of Richards’ wife and two young children, missing his father-in-law’s funeral for a “business meeting,” and stealing from grandparents.”

    And what is this? Why didn’t Jaime Kaigh represent him? Hmmmm:

    “Richards’ attorney, John Renner, of Marlton, suggested Richards be given consideration for his cooperation with authorities, whom he met with twice detailing his operation.”

    How pitiful! I feel sooooooo sorry for him!

    “Richards addressed the judge himself, telling her that “I just went off the deep end” when he fled to Florida.”

  14. F Him says:

    glad to hear that motherfukcer got more then we all expected and i applaud the Judge for handing him 30 years,,,but like the Madoff case, more indictments are to come,,,,SO the question is, will we see more??? We all asked not only about JR, but also the pizza man, the chiropractor the beer man and the carwash guy, Are any of these people going to stand before the judge and have their fate handed down as well ??? We are all pretty sure they made profits off us while sucking us life out of us for their own personal gain,,,,

    This still stinks…..their are more involved, Just go to Glyns office on South Broad st and work that one out,,,, yeah, the one he bought with there the “doc”opracter,dr jim,,,anything?? anything at all ?? or do they walk scott free with our money….

  15. John says:

    How did his “runner”, Doc Jim, get away after bringing
    “investors” and getting a finders fee? How can they keep the building on Broad?

  16. HAZ says:

    John : Please contact the the Prosecutor @ 856-757-5026 and share with her the info. on this property – as they are still looking @ all the properties Glyn has/had.

  17. F Him says:

    And they paid cash for that propery too….OUR cash

  18. Some1 says:

    Not sure what this may mean but his Voorhees home went for Sheriffs Sale:

    CH 773865 2009/07/22
    WACHOVIA BANK, N.A.
    GLYN W. RICHARDS AND JENNIFER K. RICHARDS, HIS WIFE;
    56 CHIPPENHAM DRIVE VOORHEES TWP
    $ 106,572.36

  19. don't let up!!! says:

    It means his old scumbag lawyer got a great deal……what a joke.

    Fat ass just filed for an appeal….more of our tax dollars wasted on this gutter trash.

  20. bbb says:

    I guarantee he thought he would get 6 months or so and then go live it up for the rest of his life. Cut him a deal if he gives up the cash !!!!!!!!!!!!

  21. in a financial bind says:

    I will investigate where GR is being sent to serve his time. If anyone knows, please let us know. Otherwise, I will find out.

    • Some1 says:

      Go here http://www.bop.gov/ and click on Inmate Search. Enter his name–first and last. It shows he is currently at Philadelphia FDC.

      • Some1 says:

        He is now here:

        The Federal Correctional Institution (FCI) – Schuylkill in Minersville, Pennsylvania, is a medium security facility housing male offenders. An adjacent minimum security satellite prison camp also houses male offenders.

        FCI Schuylkill is located in north-central Schuylkill County, 15 miles northwest of Pottsville, 46 miles north of Harrisburg, and 175 miles north of Washington, D.C.

        Judicial District: Middle Pennsylvania

  22. bbb says:

    DAM we all missed Glyns birthday.

  23. Some1 says:

    A nice thought for today…

    GR will be spending the next 9,339 nights in a jail cell.

  24. bbb says:

    Glyn made the prison footbal team as a tight end.
    Soon he will be a wide receiver !!!!

  25. Some1 says:

    Posted on Tue, Sep. 29, 2009

    Jailed con man must pay $5.2 million in restitution
    By George Anastasia

    Inquirer Staff Writer

    A South Jersey con man who bilked scores of investors in a Ponzi scheme built around phony claims of defense contracts was ordered yesterday to pay more than $5.2 million in restitution.

    But since Glyn Richards is serving a 30-year sentence in federal prison and has declared personal bankruptcy, it is unlikely his victims will receive cash any time soon.

    The restitution order was issued during a brief hearing in U.S. District Court in Camden by Judge Renee Marie Bumb.

    Richards, 45, formerly of Haddon Heights, pleaded guilty in June 2008 and was sentenced by Bumb a year later. He took part in yesterday’s hearing through a video conference call from a federal prison in Minersville, Pa. Dressed in a tan prison-issued shirt and pants, he said little during the half-hour hearing.

    None of his victims attended. Several spoke at his sentencing hearing on June 30 and explained how his scheme had bilked them of life savings, college funds, and retirement nest eggs. One labeled Richards the “Bernie Madoff of South Jersey.”

    In contrast, yesterday’s hearing was a simple accounting of debt. Bumb read off a list of victims, identified only by their initials, and the amount to which each was entitled based on a fraud assessment that is part of the case.

    Richards was ordered to repay 61 victims a total of $5,237,758. The individual amounts owed ranged from $477 to $1,600,000. Most victims were owed between $50,000 and $100,000.

    Richards began his scheme in 2005, according to authorities, by setting up All Freight Logistics, a company he claimed had defense contracts to ship military equipment overseas. He then sought investors, promising a 44 percent return in about 120 days.

    In fact, authorities said, there were no government contracts, and Richards used the money to support a lavish lifestyle that included trips, expensive cars, and meals at high-priced restaurants.

    Bumb’s sentence exceeded what prosecutors had recommended. She had chided Richards in June for his lack of remorse and said he had taken advantage of family, friends, and friends of friends to satisfy a “gluttonous appetite.”

    Richards’ lawyer, John Renner, said after yesterday’s hearing that he did not believe his client had any assets and did not know how he would make restitution.

    Richards filed for bankruptcy in February 2008. In his initial filing, he estimated assets between $100,000 and $500,000 and liabilities between $1 million and $10 million.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: