Repeat conviction for financial fraud

A man known as "Madoff of the Essonne," who was convicted in 2013 of a fraud involving nearly 7 million euros, was again convicted at the beginning of last September. He received a one-year prison sentence in Troyes (Aube) for money laundering and tax fraud.

Background of the nickname

The nickname "Madoff of the Essonne" refers to Bernard Madoff, a U.S. financier who was famously convicted of a massive Ponzi scheme. The Essonne is a department in the Île-de-France region of France, where the man was based.

Details of the 2013 fraud

In 2013, the man was found guilty of orchestrating a financial fraud that involved nearly 7 million euros. The scheme reportedly involved deceptive investment practices and false documentation to mislead victims and authorities.

New charges and sentence

At the beginning of last September, he was again found guilty of money laundering and tax fraud. These charges relate to the concealment of illicit funds and the deliberate underreporting of income to avoid paying taxes.

Legal consequences

The man received a one-year prison sentence in the city of Troyes, located in the Aube department. The sentence reflects the severity of the new charges and the court's response to his continued financial misconduct.