On September 23, 2016, Eric Aronson, founder and head of Permapave Industries LLC and Permapave USE Corporation (“Permapave”), was sentenced to 124 months’ imprisonment, followed by three years’ supervised release, and was ordered to forfeit $26 million in criminal proceeds in the EDNY.  Aronson had pled guilty to securities fraud on September 12, 2014 for his role in a Ponzi scheme which defrauded more than 200 investors out of $26 million between August 2006 and December 2010.  Aronson and his co-conspirators issued promissory notes to investors that promised to use the proceeds to finance shipments of Permapave paving stones from Australia to the United States.  Instead, Aronson and his co-conspirators used the fraudulently obtained investor money for personal expenditures and to pay returns to some investors.  United States v. Aronson, 12-CR-245 (E.D.N.Y.). DOJ Press Release