Frederick Darren Berg arrived for sentencing Thursday in federal court in a bland khaki-greenish prison shirt and pants – a significant contrast to the stylish and expensive clothes he wore in his prior life.

Before being convicted of running a $100 million Ponzi scheme, the Mercer Island investment fund manager has been described as outgoing and charismatic. He lived an indulgent life, surrounded by exceptional luxury. The Puget Sound Business Journal ran a three-part series, plus continuing coverage, last year detailing just how he lured investors, and how he spent his money...