A Long Island, N.Y., man was sentenced to 15 years in prison last week for a $35 million fraud that a judge said wrecked investors' lives, the Associated Press reported.

Mikhail Zemlyansky, 39, was led out of a Manhattan courtroom Thursday, Jan. 28, in shackles after U.S. District Judge J. Paul Oetken sentenced the Hewlett, N.Y., resident a year after a jury convicted him of racketeering conspiracy and other charges at a monthlong trial.

The judge said Zemlyansky spent millions of dollars from investors' on vacations and fancy cars and watches.

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