FRESNO, Calif. (FOX26) — A man could face up to 20 years in prison for a $9 million real estate Ponzi scheme.
43-year-old Matthew Campbell pleaded guilty to wire fraud in connection with a $9 million real estate investment fraud scheme.
Court documents reveal that since 2012, Campbell operated two real estate investment companies, Preferred Property LLC and Ampez Rehab Investments LLC, which he used to solicit investor money under false pretenses.
Starting in 2018, Campbell conducted a Ponzi scheme by making false representations about his company’s finances and the return on investment to attract new investors.
He then used these funds to pay returns to earlier investors.
Between January 2018 and October 2025, Campbell obtained more than $9.1 million in investor funds, with at least $2,293,000 used to pay old investors and continue the scheme.
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Campbell is scheduled to be sentenced on May 11, 2026.
He could face a maximum statutory penalty of 20 years in prison and a fine of up to $250,000.
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