Michael Park ex-Brentwood financial advisor and owner of Park Capital Management Group, has been sentenced to 96 months in prison by US District Court Judge Aleta Trauger for his involvement in a massive Ponzi scheme that duped investors.

In a release by the Federal Bureau of Investigation, Park had admitted to operating an elaborate Ponzi scheme to defraud investors who deposited funds in his company for supposed investment in brokered stocks and other securities. Several victims had provided statements of their experience before the sentence was passed.

At the height of the scam, Park reportedly promised investors that he would generate annual returns of between 10 and 28 per cent on their investments, which he never intended to do. Instead, he used the money to finance a lavish lifestyle and fabricated with an unnamed accomplice several documents to keep clients from getting suspicious.

"I was a criminal just like the victims said. There is nothing they said that isn't true," Park reportedly said.

The total amount scammed was no less than $7 million.