A Lake Havasu City man has been sentenced to more than 12 years in prison for an alleged Ponzi scheme that defrauded as many as 20 customers at his Industrial Boulevard boat consignment business.
Stephen P. LeProhon, 32, signed an agreement with Mohave County prosecutors in September, pleading guilty to one count of fraud in exchange for the dismissal of more than 30 additional counts including felony theft and theft of a motor vehicle. Under the terms of that agreement, LeProhon’s sentence may have been reduced to seven years of probation – if he were able to pay $125,000 in restitution to the court by Nov. 5. If he were unable to do so, LeProhon’s sentence would be given to the discretion of Mohave Superior Court Judge Billy Sipe.
LeProhon’s attorneys requested a continuance of Friday’s sentencing hearing, which Sipe denied.
Sipe issued the maximum 12.5-year sentence in LeProhon’s case on Friday, with 21 months of probation to be served upon his release. LeProhon has also been ordered to pay more than $395,000 in restitution to his alleged victims before that probation term is completed.
LeProhon’s arrest came in July 2019, after multiple felony complaints were brought against his business. According to police, LeProhon accepted large sums of money from boat owners in exchange for repairs and equipment installations that were…