Texan Gets 24 Years in Prison Over Ponzi Scam

Tuesday, Dec 21, 2010  |  Updated 11:45 AM CDT
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Texan Gets 24 Years in Prison Over Ponzi Scam

Thomas Lester Irby II

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A judge has ordered 24 years in prison for a Dallas-area man who pleaded guilty over a $3 million Ponzi scheme.

Thomas Lester Irby II of Frisco last week pleaded guilty to money laundering, theft and securities fraud.

The 41-year-old ex-financier was sentenced Monday. Irby could have received life in prison.

Irby owned Plano-based Titan Wealth Management.

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