In San Jose, California, two men have been found guilty in a $21 million real estate investment fraud case. Melvin Shields and Michael Sims, two of the founders of S3 Partners, have been convicted of targeting elderly investors and encouraging them to put their retirement funds into the scam. They will be sentenced in April of this next year and their third partner, Sam Stafford who plead guilty prior to trial, will be sentenced in March.
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