Shasta County Man Sentenced to 30 Years in Prison for Running a $35 Million Investment Fraud Scheme and Witness Tampering

Matthew Piercey, a 49-year-old from Palo Cedro in Shasta County, was sentenced to 30 years in prison for operating a $35 million investment fraud scheme. The sentence also covers charges of wire fraud, concealment money laundering, and witness tampering. The sentencing was issued by Chief U.S. District Judge Troy L. Nunley.