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| Crime |

Miami Scammer's Possible 400-Year Sentence Makes Madoff's Seem Light

Bernie Madoff is facing 150 years in prison, but that's nothing compared to the 400-year sentence that could await former Miami businessman Edward Hugh Okun.
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Not much ink has been spilled locally about Okun, but we'll bring you up to speed. At some point, Okun, now in his late 50s, met Simone Bolani, a 29-year-old Miami Beach beauty salon owner. Together they lived a lavish lifestyle that included four mansions, a helicopter, three airplanes, 20 automobiles, and a megayacht. When it came time for Okun to divorce Bolani, he needed about $6 million to send her on her way. 


Problem is he didn't have the money; he actually didn't have much of his own money at all and had been scamming investors through his Richmond, Virginia-based company to fuel his lifestyle. He tricked hundreds out of a total of $126 million. 

He was convicted on 23 counts in a Virginia court this past March, and when he faces his sentencing in August, he could wind up with 400 years in jail. 

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