Associated Press - December 9, 2009 9:44 AM ET

ROCHESTER, N.Y. (AP) - A federal judge in Rochester is weighing punishment for a Tennessee man who helped bilk more than two dozen investors in the United States, Germany and Costa Rica out of $33 million.

Paul Knight of Kodak, Tenn., could get up to 21 years and eight months in prison Wednesday for conspiracy, fraud and money laundering for running the investment scam from July 1999 to July 2001.

He was convicted in October 2008 along with Gail Eldridge of Marietta, Ga., and John Montana of New York. Eldridge drew a 20-year sentence in November and Montana is to be sentenced Friday.

Each of the 27 victims lost at least $1 million. Two lived in Germany and Costa Rica and the others in New York, Florida, Mississippi, Oregon, Michigan, Oklahoma, California and Washington state.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.