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A South Carolina man, Sandy John Masselli, 63, of Columbia, was sentenced today to 72 months in federal prison for orchestrating multiple bank, wire fraud, and securities fraud schemes that spanned six years and resulted in millions of dollars in losses, announced U.S. Attorney Philip R. Sellinger. Masselli had previously pleaded guilty before U.S. District Judge Michael A. Shipp to nine counts of a superseding indictment, which included charges of bank fraud, wire fraud, and securities fraud. The charges stemmed from his fraudulent activities between September 2011 and October 2017, during wh…

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