55 year old John Steven Blount of Lake Charles was sentenced to 235 months in prison for wire fraud in connection with a Ponzi scheme he used to defraud investors out of $5.8 million. Blount was also sentenced to three years supervised release and ordered to pay $4.3 in restitution. The Financial Industry Regulatory Authority barred Blount from working as an investment adviser in December of 2003 but he resumed work as a broker/investor from 2007 to 2014. In that six year period he used his company Professional Consultants LLC to operate a Ponzi scheme that defrauded at least 73 investors out of $5.8 million.