Sunday, February 5, 2023 | Back issues
Courthouse News Service Courthouse News Service

Old Woman Is Going to Prison

SAN DIEGO (CN) - A 67-year-old woman was sentenced to more than 4 years in prison for defrauding 68 investors of nearly $2 million. Clementine Estrada stole the money through her so-called "high yield investment programs," Crystal Rose and Sterling Rose Capitalization, based in Escondido.

U.S. District Judge Barry Moskowitz also ordered her to pay $1.8 million in restitution.

Estrada promised investors up to 90% monthly returns on their investments, which she guaranteed. She was sentenced to 50 months in prison for conspiracy to commit wire fraud and wire fraud. Judge Moskowitz will hold a final hearing on restitution on Dec. 23.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.