November 26, 2022
Woman sentenced in Coachella Valley hotel fraud
An Arcadia woman was sentenced Monday November 21st to 240 months in federal prison for causing tens of millions of dollars in losses to investors who provided funds intended for a hotel and condominium complex in the Coachella Valley. Instead, Ruixue “Serena” Shi, 38, used the money to finance her lavish lifestyle. A federal judge also ordered Shi to pay $35,842,329 in restitution. (INT)
Story Date: November 21, 2022
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