Superior Court Judge Jac Crawford has sentenced Karen Guth to 12 years in state prison, and her son Joshua Yaguda to eight years, for their role in defrauding investors as the principals in Estate Financial Inc.
Proceedings continue this afternoon in their trial.
More details will be updated as they become available.
The sentencing came after emotions ran high this morning in Superior Court Judge Judge Jac Crawford’s courtroom as Estate Financial investors told of personal losses they suffered by trusting Estate Financial principals, Karen Guth and Joshua Yaguda, with their money.
Guth and Yaguda pleaded guilty to 27 felony counts involving their management of the now-bankrupted lending company, Estate Financial Inc.
More than 100 people crowded the courtroom this morning.