Crime and Punishment

So-called 'Ponzi princess' dethroned

Ponzi Princess Dethroned

She's been called a fast-talking "Ponzi princess." But after a four-year investigation, Laurie Schneider has finally been sentenced to 36 months behind bars, which brings down her lavish empire.

Prosecutors say the mother of three relied on a bogus shell company and a made up business venture on the other side of the world to con investors out of millions.

"These two schemes were essentially a figment of her imagination," said Assistant U.S. Attorney for the Eastern District of New York, Michael Canty.

CNBC caught up with her moments after sentencing, where it seemed the last thing she wanted to do was talk, although her friends had plenty to say.