SACRAMENTO, Calif. — Matthew Piercey, 49, of Palo Cedro, was sentenced today by Chief U.S. District Judge Troy L. Nunley to 30 years in prison for wire fraud, concealment money laundering, and witness tampering in connection with a $35 million investment fraud scheme, U.S. Attorney Eric Grant announced.
On May 15, 2025, four days before trial, Piercey pleaded guilty without a written plea agreement to 27 counts charged in the indictment.
“Today’s sentence reflects the devastating human toll of this fraud scheme,” said U.S. Attorney Grant. “Piercey preyed on trusting investors, many of whom he met at church, convincing them to hand over decades’ worth of savings. The losses are measured not only in dollars but also in shattered futures and other personal hardship for families. This prosecution demonstrates our commitment to holding accountable those who enrich themselves through deception.”
