25 years in prison.
Steve Warshak, 42, founder of Berkeley Premium Nutraceuticals, also was ordered to pay $93,000 in fines. He was convicted in February on 93 counts of conspiracy, fraud and money laundering.
Federal prosecutors accused the company of bilking customers out of $100 million through a series of deceptive ads, manipulated credit card transactions and refusal to accept returns or cancel orders.
U.S. District Judge S. Arthur Spiegel ordered the company, along with other defendants, to forfeit more than $500 million. He said it was impossible to calculate exactly how much money was lost by customers, so he accepted a figure based on how much Warshak and the company took in.
Berkeley distributes various products alleged to boost energy, manage weight, reduce memory loss and aid sleep. The company’s main product, Enzyte, which promises sexual enhancement, has ads featuring “Smiling Bob,” a happy man with an exaggerated smile.
Warshank should hope that his new cell mates are not using Enzyte. As we learnt from Jonathan Lee Riches(c), Viagra, Cialis, and Levitra are a problem in federal prisons.