Former Southern California CEO sentenced to prison for defrauding victims of $63 million

A industry story from California, reported by KTLA Los Angeles.

Industry · California · October 15, 2026

From KTLA Los Angeles

A former CEO of an Orange County-based private equity firm was sentenced to prison for defrauding hundreds of investors out of $63 million. Marco Giovanni Santarelli, 57, of Laguna Niguel, was the founder and CEO of Norada Capital Management (NCM), a Laguna Niguel-based private equity fund.

Reported by KTLA Los Angeles, October 15, 2026. Read the full story at KTLA Los Angeles →

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