Another one of those who had their sentences commuted by President Joe Biden was notorious University of Miami booster and convicted Ponzi schemer Nevin Shapiro.
Shapiro was convicted of a Ponzi scheme that raked in nearly a billion dollars in 2010 after he bilked thousands of people who invested in his fake company, Capital Investments.
His crimes included creating fake documents purportedly showing how CI made tens of millions a year from owning and operating a nonexistent grocery wholesale business. He was convicted and handed a 20-year prison sentence in 2010.
Meanwhile, Shapiro was spending $400,000 for floor seats to watch the Miami Heat, $26,000 a month on rent for his home in Miami Beach, a $1.5 million yacht, expensive cars, and other
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