Gavel photo courtesy of www.weisspaarz.com via Flickr A Carlsbad man who ran a Ponzi scheme that defrauded dozens of investors out of millions was sentenced Monday to more than seven years in federal prison. Richard Lee Ramirez was indicted by a grand jury in 2022 for taking money investors gave him for his company JMJ Capital Group and spending it on personal items such as “luxury cars, travel, potential real-estate transactions” and more. A prosecution sentencing memorandum states Ramirez used investor money “to fund a lavish lifestyle and to perpetuate the facade that he was a successful investor. From a Rolls Royce to other luxury cars, multiple luxury vacations, luxury home re
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