A long stretch in pen for LI Ponzi schemer

Brian Callahan is going to miss his ocean views.

The Long Island Ponzi schemer — who used millions in pilfered funds to buy a beachfront resort in Montauk — will be spending his next 12 years in the clink, the Justice Department said Friday.

“For years, Brian Callahan peddled lies to unsuspecting investors, causing some to lose their life savings, and to delay their retirements,” Acting US Attorney Bridget Rohde said.

Callahan, 48, ran a $96 million Ponzi scheme with his brother-in-law Adam Manson for six years until they were slapped with civil charges in 2012. Criminal charges followed a year later, and the pair pleaded guilty to securities and wire fraud in 2014.

Instead of putting investors’ money into a mix of mutual funds and hedge funds, the duo paid partial redemptions to previous owners and funneled it into Panoramic View, a 117-unit Montauk resort.

Callahan also kept $6 million for himself to cover his luxe digs in Old Westbury, a Range Rover, a BMW and dues to his golf club.

“Instead of being a proud, intelligent, contributing member of American society in my wisdom years.... I am relegated to a marginal existence in Ecuador,” one victim said in court papers after she lost $400,000 in savings to Callahan’s scam.

As part of his sentencing, Callahan was also ordered to pay $67.6 million in restitution.