Kenneth Cobb, Former Ponzi-Schemer, Gets Jail Time for Stealing Cacti

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A Scottsdale man who once had a role in a $64 million Ponzi scheme will spend his weekends in jail for the next eight months for stealing cacti. The U.S. Attorney’s Office in Arizona says 46-year-old Kenneth Cobb stole eight saguaro cacti from federal land, which is one of the biggest no-nos in Arizona. Phoenix New Times has the story.

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