This one
looked like it was going to trial
but at the eleventh hour Troy Barnes
plead guilty to wire fraud
.

That was back in November last year, with a series of sealed filings mostly keeping things under wraps since.

On April 25th however, Barnes’ sentencing hearing finally came up.

For his part in orchestrating the
Achieve Community Ponzi scheme
with Kristi Johnson, Barnes
received
a 33 month prison sentence.

Johnson also
plead guilty
and was
sentenced to 21 months in prison
back in February.

Barnes will be ordered to the Federal Bureau of Prisons to begin serving his sentence upon designation of a federal facility.

All federal sentences are served without the possibility of parole.

In addition to serving time, Barnes will also return $4.7 million he stole from victims, on top of $302,297 in restitution.

After the
SEC shutdown Achieve Community
 in early 2015, Barnes
vowed
to “do everything possible” to get affiliates their money back.

Somehow I don’t think a prison sentence and forfeiture are quite what he had in mind.

🤖 Quick Answer

What was Troy Barnes' role in the Achieve Community scheme?
Troy Barnes orchestrated the Achieve Community Ponzi scheme alongside Kristi Johnson. He pleaded guilty to wire fraud in November and received a 33-month federal prison sentence during his April 25th sentencing hearing. Additionally, Barnes must return $4.7 million to victims.

How does Troy Barnes' sentence compare to his co-conspirator's?
Troy Barnes received a 33-month prison sentence, while his co-conspirator Kristi Johnson, who also pleaded guilty, was sentenced to 21 months in prison in February. Both sentences are served without parole eligibility in federal facilities.

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