KNOXVILLE, Tenn. (WVLT) -- You invest your money, hoping to get a good return trusting you won't get scammed.

But today, a Sevier County man admitted he violated that trust.

Dennis Bolze pleaded guilty to wire fraud and money laundering for running a Ponzi scheme.

He faces 90 years in prison.

Victims are mixed on whether it's a deserving punishment.

BJ Byars attended the hearing Tuesday for Dennis Bolze who is charged with scamming investors of more than 21-million dollars leaving more than a hundred victims behind.

"He's lost so much weight and he's aged probably 20 years," says Byars.

No longer does Bolze live a lavish lifestyle in Gatlinburg where he lived after pleaded guilty to three counts of wire fraud and three counts of money laundering.

He now faces 90 years behind bars.

"It's sad that this man has ruined so many lives and ruined his own too."

But entering a plea, Bolze is hoping for leniency from the court.

"I've missed all kinds of things because I've been working 20 hours a day trying to make a living because of all the money he took. I want one year just for me," says Carol Muszik who is not so forgiving.

Muszik was one of those people Bolze scammed.

She feels he's manipulating the court to get out early, just like he did his victims to get their money.

Muszik says, "He told me personally that he had a nine million dollar stash of cash that his wife would not let him touch and that it was somewhere."

Carol Muszik hopes Bolze is sentenced such that he never gets out again else she feels he will just pick up where he left off.

"That cash went somewhere. He didn't spend a thousand dollar a day for six years and so he had six years to accumulate cash."

Bolze is expected to cooperate with authorities in exchange for leniency in his sentencing.

Bolze will remain in jail until his sentencing which is set for April of next year.

KNOXVILLE, Tenn. (WVLT) -- The man accused of scamming several East Tennessee investors out of millions of dollars pleaded guilty to three counts of wire fraud and three counts of money laundering in U.S. District Court Tuesday.

Dennis Bolze was arrested in Pennsylvania in May after disappearing from Sevier County last December.

Bolze could face 90 years in federal prison. He'll be sentenced in April 2010.