A Rindge man at the center of a $22.8 million Ponzi Scheme is working to appeal his restitution and sentencing.
Aaron Olson, through his attorney Inga Parsons, has filed a notice of appeal with the United States Court of Appeals for the First Circuit, according to court documents. Olson and his attorney are working to file a brief and joint appendix by Jan. 17.
In October, Olson was ordered to pay back every penny of the $22,811,405.26 he defrauded investors out of while conducting a Ponzi scheme from 2007 to 2012.
Olson was sentenced previously sentenced to five years in federal prison in April, with an additional three years of supervised release. Olson was also ordered to pay a $400 special assessment. Olson is currently serving out his prison sentence at FMC Devens Correctional Institute in Devens, Massachusetts.
Nicholas Handy can be reached at 924-7172 ext. 235 or nhandy@ledgertranscript.com. He is also on Twitter @nhandyMLT.