MARINA DEL REY, CA — An accountant from Marina del Rey was sentenced Tuesday to 51 months in federal prison for running a four-year, $3.3 million Ponzi scheme that conned dozens of investors through false promises of generous returns on foreign exchange currency investments and was funded, in part, by his embezzlement from his nonprofit employer.
Steven F. Brown, 53, was sentenced by U.S. District Judge Philip S. Gutierrez, who also ordered Brown to pay $3.3 million in restitution. Brown pleaded guilty last October to one count of wire fraud.
Brown controlled and operated Alpha Trade Analytics Inc., a financial consulting and investment company he largely ran out of his home. Neither Brown nor Alpha Trade was a registered broker or dealer in securities.
Brown also served as the accountant for a nonprofit organization providing dance and theater arts education to children and young adults in Los Angeles, which gave him access to its bank accounts,…