New pleas entered in First Americans ponzi scheme case

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Story Created: Jul 6, 2012 at 5:50 PM CDT

Story Updated: Jul 6, 2012 at 6:30 PM CDT

Two more of the people involved in the First Americans ponzi scheme in Grand Island have entered guilty pleas in U-S District Court.

Both Stella Levea and James Masat pled guilty to one count of mail fraud.

They could each spend up to 20 years in prison and could pay between $2.5 and $20 million in restitution.

Sentencing is set for September 8th.

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