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Archive Home > 2008 > April > 16 > Bend man sentenced in fraud scheme

Bend man sentenced in fraud scheme

Michael Rich gets nearly 20 years and must pay $10M in restitution

By Christopher Stollar / The Bulletin
April 16, 2008

A Bend man who bilked about 300 real estate investors out of more than $18 million was sentenced Tuesday to nearly 20 years in prison in a Eugene federal court.

Michael Rich, 71, the former president and CEO of Bend-based Pac Equities Inc., will repay more than $10 million in restitution to the....

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