Colin Nathanson, 62 of the upscale Orange County community of Coto de Caza was sentenced to 27 years behind bars for defrauding over 2,500 victims a total of $55 Million scheme. Nathanson told his investors the money was being used for a technology startup but instead used the money to purchase homes and golf companies.
Nathanson, was president and CEO of Giant Golf Company and Play Big Enterprises Inc. which sold golf clubs and accessories out of Irvine and Rancho Santa Margarita.
Nathanson plead guilty in Ocober, 2008 to 6 counts of mail fraud with a sentencing enhancement. The judge upon sentencing described the victims as losing their entire savings with zero hopes of getting any restitution.